Rep. Tom Emmer (R-MN) on FTX, the SEC, and the House Crypto Agenda for 2023 (EP.382)
On The Brink with Castle Island
Release Date: 12/20/2022
On The Brink with Castle Island
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info_outlineMinnesota Representative and newly elected House Whip Tom Emmer joins the show for a discussion of the FTX fallout, the House hearings, the SEC’s behavior throughout the process, and developments in the House looking ahead to 2023.
- Rep. Emmer’s thoughts on the House hearing with John Ray
- How the FTX collapse was about a failure of centralization
- How the timing of the SBF arrest was not coincidental - and who had an incentive to stop SBF testifying
- Why the Bahamian authorities may not have wanted SBF to testify
- The meaning of Rep. Emmer’s march letter to Gensler and the SEC
- Chairman Gensler’s role in the FTX scandal
- Has Gensler been concealing his calendar from the public?
- Gensler’s poor track record over the crypto crisis
- Oddly close links between SEC Chair Gensler, FTX, and subsidiary exchange IEX
- House Republicans will gain the subpoena authority in the next legislative session and what they will do with it
- What are some of Emmer’s responsibilities in his new role as Majority Whip? The importance of Rep. McHenry taking charge of the House financial services committee
- What are the prospects for stablecoin legislation?
- McHenry’s likely crypto agenda for the new session
- Rep. Emmer’s commitment to financial privacy
- Senator Warren’s draft legislation and risks to the crypto ecosystem
- The importance of Rep. Emmer’s Securities Clarity Act
- Modernizing a securities regulation regime for crypto
- How are Rep. Emmer’s colleagues reacting to the FTX crisis
- The role of journalists in assessing the FTX situation
Content mentioned in the episode
- Rep. Emmer & colleagues original March '22 letter to SEC Chair Gensler
- Rep. Emmer’s annotations of the March letter in response to Gensler's criticisms