Chapter
Examining The Shift of Digital Asset Oversight from SEC to CFTC
21:45 - 26:49 (05:04)
This episode discusses the recent bill that has been proposed to shift the oversight of certain types of digital assets from SEC to CFTC, and the potential implications of such a shift. The corruption between the government, markets and big players like Ken Griffin at Citadel is also touched upon.
Clips
The SEC may have seen the leakage of customer deposits by the billions over to a hedge fund, Alameda, indicating corruption in the industry.
21:45 - 24:15 (02:30)
Summary
The SEC may have seen the leakage of customer deposits by the billions over to a hedge fund, Alameda, indicating corruption in the industry. This showcases the questionable relationship between the government, markets, and big players like Citadel.
ChapterExamining The Shift of Digital Asset Oversight from SEC to CFTC
EpisodeWhy the FTX Crypto Scam Is a Tale As Old As Time
PodcastThe Problem With Jon Stewart
The Digital Commodities Consumer Protection Act aims to transfer the jurisdiction of digital assets from the SEC to the Commodity Futures Trading Commission for consumer protection.
24:15 - 26:49 (02:33)
Summary
The Digital Commodities Consumer Protection Act aims to transfer the jurisdiction of digital assets from the SEC to the Commodity Futures Trading Commission for consumer protection. The bill is being put forward by the Senate Agriculture Committee and could have implications for the derivatives market.