Emmer Pushes Back on CFTC Funding: 'Give Regulators Less Authority'

On this episode of CoinDesk's The Policy Protocol, hosts Rebecca Rettig and Renato Mariotti open with the rising uncertainty around CLARITY's path through the Senate before sitting down with House Majority Whip Tom Emmer (R-MN), who argues the bill is the sixth iteration of crypto market structure legislation, defends the Blockchain Regulatory Certainty Act (BRCA) against law-enforcement concerns, and frames the U.S. push to become the "crypto capital of the world" as a fundamentally bipartisan, 21st-century-finance issue. Plus, Rebecca and Renato debrief on the new White House executive order on integrating digital assets into traditional financial systems, the limits of building business strategy on non-durable guidance, and name Senator Angela Alsobrooks (D-MD) as their Person of the Week for her bipartisan work getting CLARITY out of Senate Banking 15-9. - Timecodes: 00:00 "Crypto Is Not a Partisan Issue" 00:18 Welcome to The Policy Protocol 01:13 Hot Topic: Is Crypto Better Off Than Under Biden? 03:35 Crypto's TradFi Era 04:32 House Majority Whip Tom Emmer Joins 06:54 Beyond CLARITY: Genius Act, BRCA, and Crypto Tax 09:28 BRCA vs. Law Enforcement: The "Red Herring" 11:30 What If CLARITY Doesn't Pass This Congress? 13:54 Off-Committee Senators and CFTC Authority 18:38 Why Executive Orders Aren't Enough 21:17 Watching for the SEC's Innovation Exemption 22:29 Person of the Week: Sen. Angela Alsobrooks