The Crypto Frontier: Regulatory Frameworks and their Future with Mark Lurie

Truth with Vivek Ramaswamy

Vivek Ramaswamy

Business, News, Government

4.7 • 1.2K Ratings

🗓️ 10 July 2023

⏱️ 30 minutes

🔗️ Recording | iTunes | RSS

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Summary

In this episode of The Vivek Ramaswamy Show, Vivek engages in a riveting discussion with his college friend, cryptocurrency expert Mark Lurie. This dialogue centers around cryptocurrency's role in modern financial systems and its interaction with traditional regulations. Mark insightfully dives into topics like Bitcoin's initial appeal, the potential disruption caused by crypto, and its need for a distinct regulatory approach. The latter half of the episode explores securities law, the concept of 'Know Your Transaction', and possible changes to accommodate crypto in these laws. Finally, a fascinating talk about crypto's ability to check the administrative state, serve as an opt-out jurisdiction, and its potential long-term impacts ensues. The episode concludes with reflections on a recent political event they both attended. -- Donate here: https://t.co/PE1rfuVBmb For more content follow me here: Twitter - @VivekGRamaswamy Instagram - @vivekgramaswamy Facebook - http://facebook.com/VivekGRamaswamy Truth Social - @VivekRamaswamy Rumble - @VivekRamaswamy -- Time-codes: 00:01:14 - Vivek introduces Mark Lurie, a cryptocurrency authority, who starts sharing his insightful views on the subject. 00:05:00 - Mark discusses the potential impact of cryptocurrency on the traditional financial system, highlighting its ability to disrupt the status quo. 00:08:25 - Vivek delves into the idea of 'opting in' to traditional regulations for legal protections, bringing new perspectives to the crypto community's autonomy. 00:14:19 - Mark introduces the concept of 'Know Your Transaction' (KYT), proposing it as a bridge between the crypto and traditional financial worlds. 00:19:00 - Vivek comments on the purposeful vagueness of securities laws, questioning its intention to empower regulatory bodies. 00:24:30 - Mark talks about how cryptocurrency can serve as a check and balance on the administrative state, sparking debates on checks and balances. 00:26:30 - The discussion concludes with Mark and Vivek envisaging the long-term goals of cryptocurrency and its potential societal impact. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	So, episode of the podcast from The Road. I actually am in New Hampshire and I called up one of my friends who has been
0:15.2	actually helping me get educated about cryptocurrency but also happens to be a guy I went to
0:19.2	college with who lives in New Hampshire. So he came out to the event and we hung out afterwards.
0:25.0	We're now upstairs in a conference room
0:27.4	after doing a grassroots event here in New Hampshire,
0:29.6	which went great with a great audience.
0:31.1	But we didn't get any questions about cryptocurrency.
0:34.0	Which I think is a good thing, because I think that, you know, I think that there are other issues we needed to cover.
0:40.0	But a lot of the issues that we did cover related to relate to many of the problems that
0:47.3	crypto advocates also share concerns about.
0:50.3	Stability of the financial system.
0:52.1	Integrity of the monetary system.
0:53.8	What does it even mean to have full faith and credit backing a currency if the full faith
0:59.7	and credit of that government is itself a questionable proposition.
1:04.5	So to talk about that we actually came upstairs and doing a road edition of the podcast with
1:09.0	none other than my friend Mark Lurie, who is one of the leading minds in the country, if you asked me, on
1:15.1	issues on all things relating to crypto.
1:17.3	He lives in New Hampshire.
1:18.3	Here we are close to your hometown.
1:20.3	Welcome to the podcast, Mark.
1:21.9	Thanks for coming near my home. Yeah, it's good to be here. So we'll just we're just gonna go we'll go about 30 minutes maybe a little less and just get right into it.
1:31.7	So here's the thing that I've been as you know struggling with in my
	...

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