Multiple pieces of proposed crypto legislation are making their way through the U.S. political machine right now. And earlier this year, President Joe Biden issued an Executive Order on Ensuring Responsible Development of Digital Assets. It directs relevant federal agencies to figure out or define their position on crypto, and identify ways to both protect consumer rights and the rights of investors.
Nathan Dean, a senior analyst at Bloomberg Intelligence, joins the podcast for a discussion of these complicated pieces of potential crypto legislation in the US.
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Nathan Dean, a senior analyst at Bloomberg Intelligence, joins the podcast for a discussion of these complicated pieces of potential crypto legislation in the US.
Subscribe to Bloomberg Podcasts: https://bit.ly/BloombergPodcasts
#Bloomberg #Podcast #Crypto
Visit us: https://www.bloomberg.com/podcasts
Follow Bloomberg Podcasts on Twitter: https://twitter.com/podcasts
Visit our other YouTube channels:
Bloomberg Markets & Finance: https://www.youtube.com/channel/UCIAL...
Bloomberg Politics: https://www.youtube.com/c/BloombergPo...
Bloomberg Technology: https://www.youtube.com/c/BloombergTech
Quicktake Originals: https://www.youtube.com/user/Bloomberg
Quicktake Now: https://www.youtube.com/channel/UChir...
Quicktake Explained: https://www.youtube.com/bloombergexpl...
For coverage on news, markets and more: http://www.bloomberg.com/video
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Francisco Gimeno - BC Analyst What's the Biden administration posture about crypto? We tend to think that up to now it has been mostly defensive and even trying to find mistakes and errors on the way crypto based companies in US work. This has been SEC's posture for a time now, even labelling everything as a security except for BTC. But other Government organisations and Congress have started to take also seriously the crypto world in different ways, from those who unconditionally support it to those who (unfortunately most of them) warn about the need to regulate it strictly. Biden's administration is gearing for regulations, control and centralise as much as possible, as the crypto world is exploding around them. As usual in politics, everything is about power and control.