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Podcast: The Paul Barron Crypto Show
Episode: FIT21 Crypto Bill Debate | U.S. House Vote Incoming!
Description: SEC Chair Gary Gensler says he strongly opposes the Financial Innovation and Technology for the 21st Century Act (FIT21), citing major concerns about investor protection and market integrity. President Biden has also signaled opposition but stopped short of threatening a veto.00:00 Intro00:23 Sponsor: Tangem01:01 Gary Gensler Against FIT2102:05 Gary Alone?02:35 Maxine Intro03:11 French Hill intro04:45 FTX Argument07:00 Maxine loses “Consumer Protection” argument08:28 Maxine “Come in and register” argument10:54 Memecoin Frenzy Incoming12:17 Stablecoins vs CBDC (Maxine unknowingly defends crypto)13:41 Zero-knowledge proofs14:19 Senate Floor14:42 Biden will not veto