MARKETS DAILY: Featured Story | Congress Gets the Runaround From Regulators, Again

Nov 19, 2023

Kristen Smith and Miller White House Levine discuss the issue of defining a 'broker' for digital assets and its impact on the crypto industry. They emphasize the need for Congress to set clearer rules and limit the power of regulatory agencies. Examining the consequences of regulatory agencies exceeding their powers in the crypto industry and the potential collapse of the industry due to the current broker rule. Highlighting the need for Congressional intervention to restore balance.

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Congress Gets the Runaround From Regulators Again

00:00 • 4min

The Impact of Regulatory Powers and the Battle for Control

04:14 • 4min

"If the broker rule proceeds as is, it will surely spell the near-total collapse of the crypto industry in the United States," writes Blockchain Association CEO Kristin Smith and DeFi Education Fund CEO Miller Whitehouse-Levine.

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Today’s featured story is an opinion piece from Kristin Smith and Miller Whitehouse-Levine, titled: “Congress Gets the Runaround From Regulators, Again,” written as part of Consensus Magazine's Tax Week.

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This episode was hosted by Noelle Acheson. “Markets Daily” is executive produced by Jared Schwartz and produced and edited by Eleanor Pahl. All original music by Doc Blust and Colin Mealey.

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