Peter Van Valkenburgh, director of research at Coin Center, explains the significance of all the governmental activity around crypto in the last week -- the President's tweets, the Treasury Secretary's and Fed Chair's remarks and of course the Congressional hearings about Libra. We discuss whether Facebook's baggage could harm regulation of the space broadly, just what Libra is and who controls it (especially compared to decentralized networks like Bitcoin and Ethereum), and how that might require different regulatory approaches. We also covered how the lack of partisanship in the line of questioning could affect Libra's prospects, the odds that the draft bill to keep tech out of finance will go through and whether the idea of a Facebook-created digital currency could spur interest in central bank digital currencies. Plus, we talk about what we thought were the most memorable moments of the Congressional hearings, and why we both felt that, amazingly, the hearings seemed to teach Congress about the merits of decentralized networks like Bitcoin and Ethereum.
Thank you to our sponsors!
Crypto.com: https://crypto.com
CipherTrace: http://ciphertrace.com/unconfirmed
Episode links:
Coin Center: https://coincenter.org
Peter Van Valkenburgh: https://twitter.com/valkenburgh
President Donald Trump's tweets about Bitcoin, cryptocurrencies and Libra: https://twitter.com/realDonaldTrump/status/1149472282584072192?s=20
Federal Reserve Chair Jerome Powell's testimony about Libra: https://www.nytimes.com/2019/07/10/technology/fed-chair-facebook-cryptocurrency-libra.html
Treasury Secretary Steve Mnuchin's news briefing on cryptocurrencies: https://www.cnbc.com/2019/07/15/treasury-secretary-mnuchin-will-hold-a-news-conference-on-cryptocurrencies-at-2-pm-et.html
Senate hearings on Libra: https://www.youtube.com/watch?v=xUQpmEjgFAU
House hearings on Libra: https://www.cnet.com/news/facebook-libra-cryptocurrency-hearings-with-congress-day-2-watch-here-live/
Rep. Sean Duffy questioning David Marcus about who can transact in Libras: https://twitter.com/crypto/status/1151531255550230529
Rep. Warren Davidson bringing up a term that has not yet been heard in the halls of Congress — "sh*tcoin": https://twitter.com/bitstein/status/1151586640307064833
Jackson Palmer of Why We're Not Decentralized Yet - Ep.048
Laura's TEDx Talk: How Crypto Could Allow More People to Be Their Own Boss - Ep.047
The Bitcoin Cash Hard Fork: Bitcoin ABC vs. Bitcoin SV - Ep.046
Emin Gun Sirer on the SEC/EtherDelta Settlement and Why Code Is Speech - Ep.045
Charlie Lee, aka Satoshi Lite, on the 10-Year Anniversary of the Bitcoin White Paper - Ep.044
Fidelity Digital Asset Services' Tom Jessop on Why It's Serving Institutional Clients First - Ep.043
Why the Tether Situation Brought Up Memories of Mt. Gox - Ep.042
How We're Misusing the Word 'Decentralization' - Ep.041
How Abra Enables You to Buy $5 of an ETF-Like Token of the Top 10 Cryptos - Ep.040
Rune Christensen of MakerDao on Its $15 Million From Andreessen Horowitz - Ep.039
Why 'Ethereum Killers' Will Have a Hard Time Attracting Its Developers - Ep.038
Alex Sunnarborg of Tetras Capital on Why He's Bearish on Ether - Ep.037
Shapeshift's About-Face: Why Now? - Ep.036
Pamela Morgan on How to Pass Your Crypto Assets On to Your Heirs - Ep.035
Joe Lubin and Jimmy Song Work On the Terms of Their Bet on Dapps — and Trash Talk the Other’s Coin - Ep.034
How Crypto Will Give You More Flexibility in Your Work - Ep.033
Why the ICE/Bakkt News Makes Some Crypto Investors Nervous - Ep.032
A Place Where People May Be Using Crypto For More Than Speculation - Ep.031
CoinList's Andy Bromberg on the One Big Regulatory Issue Facing Crypto - Ep.030
Token Economy's Stefano Bernardi on How DAOs Could Create a Less Capitalist World - Ep.029
Create your
podcast in
minutes
It is Free
Pharmacy Podcast Network
Børsen Morgenbriefing
Startitup podcasty
Sarah Westall - Business Game Changers
Wall Street Breakfast