This episode of The HASH is sponsored by Minima.global, Circle, and Pastile Network.

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Hello and welcome to The Hash. You are watching us on CoinDest TV or listening to us on the podcast network.

Thank you so much for being here. I'm Zach Seward. We got Wendy O. Jensen, Asie, Will Foxley, here to get you up to speed on all that is going on in the wild world of crypto.

Jen, take us to D.C. will you?

Yeah, so we've been talking about FTX for about a week, and there is no end in sight.

So senators are planning to push forward with crypto legislation backed by Sam Bankman-Fried,

despite the FTX founders fall from grace.

Now, as we know, Bankman-Fed frequently met with lawmakers to weigh in on how

the industry should be regulated. The Bipartisan Digital Commodities Consumer Protection Act

is backed by Senator Debbie Stave now and ranking member John Boosman. Both have received donations

from Bankman Freed. The bill would give the CFTC oversight of

the crypto spot market and crypto broker dealers would be required to register with the CFTC.

A lot to unpack here. Zach, I'm kicking it right back to you. What do you think of this? BCCPA is still alive after all these

implosions. We're still talking about this. In some ways, I think this sort of catalyzed some of the

blowback that Sam Bangorfried caught from big figures in the crypto world. You know,

Eric Voorhees of ShapeShift, CZ, we're certainly taking him to

task over this bill because it was unfavorable to defy, to centralize exchanges, to on-chain

trading activity that may be some of the transparency of that would have prevented what we saw

...