Brian Quintenz is the Global Head of Policy at a16z crypto and a former commissioner at the U.S. Commodity Futures Trading Commission.

In this episode, Quintenz explains how the SEC's failure to issue updated guidance for the crypto industry has created a legislative opportunity for clarity.

According to Quintenz, "Congress needs to show the way by creating the framework that the SEC is refusing to contemplate."

Outline:

0:36 Policy & regulation overview

2:43 Securities v. commodities

06:37 Registered securities

11:58 Special Purpose Broker-Dealers

14:49 a16z’s policy uutlook

18:34 Ponzi schemes

21:31 CeFi regulation

27:16 Lummis x Gillibrand’s crypto bill

30:30 Token decentralization

32:32 Legislative hurdles