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.
- 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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- Ritchie Torres, U.S. representative
- Fortune: Ritchie Torres went from crypto ‘newbie’ to key ally in Washington. Now he could shape the industry’s post-FTX future
- NY Daily News: 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
Read the episode transcript here