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Podcast: Unchained
Episode: Why Senator Pat Toomey Thinks SEC Chair Gary Gensler Is Wrong About Crypto
Description: Pat Toomey, U.S. Senator for Pennsylvania, talks about legislation in the crypto industry, how to determine if something is a security, the future of CBDCs, and much more. Show highlights:
the structural differences between crypto tokens and securities
why Sen. Toomey is demanding crypto legislation
why “regulation by enforcement” does not provide clarity
how to determine if a token is decentralized
whether proof of stake consensus turns tokens into securities
Sen. Toomey’s take on the new framework for stablecoin regulation
whether it is appropriate to ban algorithmic stablecoins
the importance to make di...