By Paul Tran
CoinDesk Podcast Network - MONEY REIMAGINED: The Politicizing of Crypto and Gensler’s Response to a Question of Law.
This episode is sponsored by EY and Brave.
On this episode of “Money Reimagined,” Michael Casey and Sheila Warren dive right into Gary Gensler's response to a question of law by Rep. Patrick McHenry during the House oversight hearing of Gensler’s Securities and Exchange Commission earlier this week. Sheila and Michael discuss partisanship, climate disclosures, and the role of the SEC.
A reshaping is taking place of what powers administrative agencies are allowed and the defined responsibilities of Congress and the courts.
In this episode Michael and Sheila discuss:
- Gensler's response to a question of law by Rep. Patrick McHenry
- Partisanship, climate disclosures and the role of the SEC
- The role of government
How crypto is getting politicized
- The role of regulators in the future
- Regulation by enforcement after the fact
- The second time in the crypto industry that unscrupulous actors are engaging in activities that hurt people
Pro-regulatory stance on regulation
- The progressive pro-regulator stance on this issue
- The shadow of the threat
- Responsible actors: good and bad
- No accommodation for innovation
- The sword of Damocles hanging over U.S. partners
- The CFTC action against Binance
Regulation and innovation
- Recognizing the pain that people felt in California
- The need for regulation and innovation
- Let open-source, permissionless innovation happen in a constructive way.
- Crypto is a proxy for other issues.
Inter-agency territoriality
- Inter-agency territorial conflict between SEC and CFTC
- Importance of context in these conversations
- Early warning sign with ICOs in 2017
- Regulation needs to differentiate between good and bad actors
Regulation of digital assets and licensing
- Bermuda's strict licensing requirements
- The massive erosion of trust after FTX
- Joint responsibility of regulators and the industry
- Crypto is not as partisan as it seems.
The problem with simplistic black-and-white solutions.
- Nuance always gets lost, and that's part of the problem.
See Also:
YouTube - Hearing Entitled: Oversight of the Securities and Exchange Commission
From our sponsors:
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Brave is the privacy browser used by almost 60 million people worldwide. The built-in Brave Wallet is your secure passport to Web3. It supports over 100 chains, fiat purchases, swaps, NFTs, and even connects with other wallets and DApps. All right in your browser. No risky extensions, no spoofing. Learn more at brave.com/wallet.
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Money Reimagined has been produced and edited by senior producer Michele Musso and our executive producer is Jared Schwartz. Our theme song is “AITA” by Neon Beach.
Join the most important conversation in crypto and Web3 at Consensus 2023, happening April 26-28 in Austin, Texas. Come and immerse yourself in all that Web3, crypto, blockchain and the metaverse have to offer. Use code MONEYREIMAGINED to get 15% off your pass. Visit coindesk.com/consensus.
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Chapo Trap House - 725 Teaser – Soda Court
SCOTUScast - Smith v. United States – Post-Argument SCOTUScast
Join us to hear from Prof. Brian Kalt as he breaks down the case and argument.
Stuff They Don't Want You To Know - Astroturf and Cancer
At first, it sounded too good to be true: grass that never died, never wilted, and never gave way to weeds. Major league baseball hailed it as one of the greatest innovations in the world of professional sports. As thousands and thousands of 'astroturf' fields sprouted up across the US and Canada -- and then spread to playgrounds -- adults and children alike enjoyed seas of endless, verdant green. Until, that is, the reports came in. In today's episode, Ben, Matt and Noel slide headlong into the home base of a troubling conspiracy decades in the making: Does artificial turf give you cancer?
See omnystudio.com/listener for privacy information.
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CBS News Roundup - 04/21/2023 | World News Round Up
Cleaning up from severe weather across the Southern Plains. President Biden set to announce his re-election bid. Charges dropped against Alec Baldwin. CBS News Correspondent Steve Kathan has today's World News Roundup.
To learn more about listener data and our privacy practices visit: https://www.audacyinc.com/privacy-policy
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Headlines From The Times - The music genre Korean elders ‘trot’ to
“Trot” is a Korean music genre that has been around for decades. But in recent years, it has exploded in popularity in Southern California. The biggest fans? Immigrant seniors.
Today, we talk about trot’s history, staying power and role in the Korean American community. Read the full transcript here.
Host: Gustavo Arellano
Guests: L.A. Times Asian American communities reporter Jeong Park
More reading:
K-Pop isn’t the only hot ticket in Koreatown — how ‘trot’ is captivating immigrants
Koreatown’s elderly immigrants find the lure of the casino bus a blessing and a curse
Club helps older Korean immigrants find their political voice
Reset with Sasha-Ann Simons - What Programs Are There For Chicago’s Youth?
The Intelligence from The Economist - Tick, Tick, Boom: SpaceX launches Starship
In a historic first, the largest rocket ever assembled managed to get off the ground. But then it exploded midair. We ask if this launch can still be called a success. Alexei Navalny is still holed up in tortuous conditions in Russia and could be facing even more charges. And, a tribute to a trendsetting fashion designer.
For a full examination of Alexei Navalny’s story so far — told by the people who know him -- search for our Russia podcast "Next Year in Moscow". Or find it here economist.com/moscowpod
To explore the Starship rocket's potential impact on space travel —and find out why exploding is an important part of SpaceX’s model—listen to a previous episode of our "Babbage" podcast. Find that at economist.com/starship-pod or wherever you listen
And, to access the print, digital and audio editions of The Economist, try a free 30-day digital subscription by going to www.economist.com/intelligenceoffer
