In this episode of Empire, Kristin Smith and Jake Chervinsky join us to discuss how FTX's collapse will impact crypto regulation.
SBF was the poster child of crypto in D.C. - how will his fallout damage crypto's reputation? Did regulators fail consumers, and how will they respond? What are the shortcomings of the DCCPA bill? How important are the political midterms, and what is happening in the securities vs commodities debate? Tune in to find out!
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Timestamps:
(00:00) Introduction
(00:54) SBF’s Unbelievable Damage
(07:17) How Active Was SBF In D.C.?
(09:52) The First Red Flags & DCCPA Threats
(22:56) Where Regulators Failed
(27:32) Expected Reaction From D.C.
(33:43) Circle Ad
(35:26) DCCPA Overview & Its Impact On DeFi
(47:53) What The Midterms Mean For Crypto
(50:55) The Litigation Phase
(55:07) LBRY, Ripple & Progressive Decentralization
(1:03:45) A Path Forward
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Follow Kristin: https://twitter.com/KMSmithDC
Follow Jake: https://twitter.com/jchervinsky
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Circle’s USDC has quickly become one of the most trusted and widely used stablecoins because of its composability, stability and reserve transparency. As a seamless, trusted digital currency, USDC is a zero-to-one opportunity for the global financial system. Check out their Transparency Hub at http://empirepodcast.link/circle that outlines everything from links to USDC weekly reserve reports, monthly attestations, and blog posts written by their executive team highlighting how and why USDC was built the way it is.
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Resources

Jake's tweet thread on DCCPA
https://twitter.com/jchervinsky/status/1570451252852527104
Brian Amstrong's response to Elizabeth Warren
https://twitter.com/brian_armstrong/status/1590511022104010753

Ron Hammond's tweet thread on FTX/SBF
https://twitter.com/ronwhammond/status/1590741692348772352

Blockchain Association website
https://theblockchainassociation.org/

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Disclaimer: Nothing said on Empire is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only, and any views expressed by anyone on the show are solely our opinions, not financial advice. Santiago, Jason, and our guests may hold positions in the companies, funds, or projects discussed.