A First Step To Crypto Regulation, Or A Step Backwards?
Nearly everyone agrees the cryptocurrency industry needs regulation, but there's a lot of disagreement on how. Jack Taylor/Getty Images hide caption
Nearly everyone agrees the cryptocurrency industry needs regulation, but there's a lot of disagreement on how.
Jack Taylor/Getty ImagesNearly everyone agrees the cryptocurrency industry needs regulation, but there are huge disagreements about what that should look like.
A Senate bill proposes a new regulatory framework for the industry. Cosponsors Cynthia Lummis (R-Wyoming) and Kirsten Gillibrand (D-N.Y.) argue that their bill hits the "sweet spot" between allowing innovation and protecting consumers.
Software engineer Molly White, who runs the blog Web3 is going just great, says that the bill is too industry-friendly, and puts into legislation the "foggy regulatory space" that crypto companies have taken advantage of.
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This episode was produced by Connor Donevan and Gabe O'Connor. It was edited by Patrick Jarenwattananon, and Sami Yenigun. Our executive producer is Cara Tallo.