Ben McKenzie
π€ SpeakerAppearances Over Time
Podcast Appearances
And I meanβ
I'm on the side of the people that are investing.
I'm trying to protect them.
And I will point out the industry is the one that is not protecting them.
The industry is the one, they'll do the performative like, oh, I'm so sorry you lost your money.
They're not doing anything about it.
They're not actually changing the system.
What they're doing is watering down the regulations to give special rules so that they don't have to operate like banks, which do have law.
We don't like the banks and they're
fail all the time, but they do have to adhere to laws and regulations.
They can be held accountable.
Right, and they really don't want to be regulated like securities because of the disclosure thing we talked about.
So there's a bill that's trying to get through Congress called the Clarity Act where it's going to put it under the CFTC, the Commodities Future Trading Commission, which is the weaker, smaller regulatory agency.
And they've long wanted this, and they may get it.
Sam Bankman Freed wanted this, too.
That's why he was on Capitol Hill.
And so it's like...
They're the ones that are screwing you guys.
No, who benefits in crypto is the insiders, right?
Always.