Crypto markets are under the gun from SEC Chairman Gary Gensler’s ‘regulation by enforcement’ policy. Meanwhile, a divided political landscape creates gridlock on Capitol Hill. Democratic Representative Ritchie Torres (NY-15) claims regulators have overstepped their bounds, while generational divide in the Democratic party slows appropriate regulatory legislation from passing.
Listen to the episode on Apple Podcasts, Spotify, Overcast, Podcast Addict, Pocket Casts, Stitcher, Castbox, Google Podcasts, Amazon Music, or on your favorite podcast platform.
Show highlights:

Why stablecoins are less dangerous than fractional reserve banking

How the current system fails to protect retail investors

Why Democrats and Republicans have flipped traditional stances on regulation

Increased skepticism after the FTX meltdown

Regulation by enforcement an abuse of power

If and when a digital asset is an investment contract

What he views as Prometheum’s planned political stunt

Resolving crypto’s long term problems responsibly

 
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Guest

 Ritchie Torres, U.S. representative
 
Links

Fortune: Ritchie Torres went from crypto ‘newbie’ to key ally in Washington. Now he could shape the industry’s post-FTX future


NY Daily: A liberal case for cryptocurrency


CoinDesk: Rep. Ritchie Torres: We've Seen a 'Weaponization of the SEC' From Gensler Against Crypto Industry


U.S. Financial Service Committee: McHenry, Thompson, Hill, Johnson Release Digital Asset Market Structure Proposal


Bloomberg Law: McHenry Says White House Torpedoed Bipartisan Stablecoin Deal


NBC: Sen. Cynthia Lummis: Crypto regulation bill could prevent another FTX-style crisis


Rep. Torres’s open letter to Gensler following the Ripple decision

Rep. Torres’ speech


 
Previously on Unchained

Why the SEC Doesn’t Want the Ripple Case to Go to the Supreme Court

New Order in SEC vs. Ripple Over XRP Is a Win for Crypto: What Happens Now?

Why the SEC vs. Ripple Order Is Now About 2 Things: Coinbase and Congress


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