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Ben McKenzie

πŸ‘€ Speaker
2248 total appearances

Appearances Over Time

Podcast Appearances

Armchair Expert with Dax Shepard
Ben McKenzie (on cryptocurrency)

And I meanβ€”

Armchair Expert with Dax Shepard
Ben McKenzie (on cryptocurrency)

I'm on the side of the people that are investing.

Armchair Expert with Dax Shepard
Ben McKenzie (on cryptocurrency)

I'm trying to protect them.

Armchair Expert with Dax Shepard
Ben McKenzie (on cryptocurrency)

And I will point out the industry is the one that is not protecting them.

Armchair Expert with Dax Shepard
Ben McKenzie (on cryptocurrency)

The industry is the one, they'll do the performative like, oh, I'm so sorry you lost your money.

Armchair Expert with Dax Shepard
Ben McKenzie (on cryptocurrency)

They're not doing anything about it.

Armchair Expert with Dax Shepard
Ben McKenzie (on cryptocurrency)

They're not actually changing the system.

Armchair Expert with Dax Shepard
Ben McKenzie (on cryptocurrency)

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.

Armchair Expert with Dax Shepard
Ben McKenzie (on cryptocurrency)

We don't like the banks and they're

Armchair Expert with Dax Shepard
Ben McKenzie (on cryptocurrency)

fail all the time, but they do have to adhere to laws and regulations.

Armchair Expert with Dax Shepard
Ben McKenzie (on cryptocurrency)

They can be held accountable.

Armchair Expert with Dax Shepard
Ben McKenzie (on cryptocurrency)

Right, and they really don't want to be regulated like securities because of the disclosure thing we talked about.

Armchair Expert with Dax Shepard
Ben McKenzie (on cryptocurrency)

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.

Armchair Expert with Dax Shepard
Ben McKenzie (on cryptocurrency)

And they've long wanted this, and they may get it.

Armchair Expert with Dax Shepard
Ben McKenzie (on cryptocurrency)

Sam Bankman Freed wanted this, too.

Armchair Expert with Dax Shepard
Ben McKenzie (on cryptocurrency)

That's why he was on Capitol Hill.

Armchair Expert with Dax Shepard
Ben McKenzie (on cryptocurrency)

And so it's like...

Armchair Expert with Dax Shepard
Ben McKenzie (on cryptocurrency)

They're the ones that are screwing you guys.

Armchair Expert with Dax Shepard
Ben McKenzie (on cryptocurrency)

No, who benefits in crypto is the insiders, right?

Armchair Expert with Dax Shepard
Ben McKenzie (on cryptocurrency)

Always.