Best of Bloomberg Intelligence (05/23/2022)

The video discusses the current state of crypto regulation, highlighting the lack of immediate action from Congress and the SEC's potential enforcement activities. It covers the impact of stable coin issues on the market and the crypto industry's efforts to work with policymakers. The discussion also touches on the regulatory priorities for crypto platforms and stable coins, emphasizing the need for clarity on security versus commodity definitions and the role of the SEC and CFTC.

What is the expected timeline for Congress to get involved in crypto regulation?

• By the end of 2022

• By the end of 2023

• Mid 2023 or later

• Early 2023

Which major crypto players are mentioned as wanting regulation?

• Binance and Kraken

• FTX and Coinbase

• Ripple and Ethereum

• Gemini and Bitfinex

What is one of the main concerns for crypto platforms regarding the SEC?

• Limited market access

• Perception of registration as a trap

• Lack of technical support

• High registration fees

What is a key issue for miners that is not a primary concern for financial regulators?

• Security breaches

• Taxation policies

• Energy consumption

• Market volatility

What bipartisan interest is there regarding stable coins?

• Banning stable coins

• Increasing transaction fees

• Establishing safeguards and backstops

• Promoting international use