Rep. Tom Emmer (R-MN) on FTX, the SEC, and the House Crypto Agenda for 2023 (EP.382)

Minnesota Representative and newly elected House Whip Tom Emmer joins the show for a discussion of the FTX fallout, the House hearings, the SEC’s behavior throughout the process, and developments in the House looking ahead to 2023.

• Rep. Emmer’s thoughts on the House hearing with John Ray • How the FTX collapse was about a failure of centralization • How the timing of the SBF arrest was not coincidental - and who had an incentive to stop SBF testifying • Why the Bahamian authorities may not have wanted SBF to testify • The meaning of Rep. Emmer’s march letter to Gensler and the SEC • Chairman Gensler’s role in the FTX scandal • Has Gensler been concealing his calendar from the public? • Gensler’s poor track record over the crypto crisis • Oddly close links between SEC Chair Gensler, FTX, and subsidiary exchange IEX • House Republicans will gain the subpoena authority in the next legislative session and what they will do with it • What are some of Emmer’s responsibilities in his new role as Majority Whip? The importance of Rep. McHenry taking charge of the House financial services committee • What are the prospects for stablecoin legislation? • McHenry’s likely crypto agenda for the new session • Rep. Emmer’s commitment to financial privacy • Senator Warren’s draft legislation and risks to the crypto ecosystem • The importance of Rep. Emmer’s Securities Clarity Act • Modernizing a securities regulation regime for crypto • How are Rep. Emmer’s colleagues reacting to the FTX crisis • The role of journalists in assessing the FTX situation

Content mentioned in the episode

• Rep. Emmer & colleagues original March '22 letter to SEC Chair Gensler • Rep. Emmer’s annotations of the March letter in response to Gensler's criticisms