Perps, Policy & Policing Crypto | CME vs. CFTC, Clarity Act & Compliance

Perps, Policy & Policing Crypto | CME vs. CFTC, Clarity Act & Compliance

This week, we break down the latest market selloff as bitcoin slips below $60,000, Strategy's mounting paper losses, and a wave of crypto industry layoffs. We also examine the escalating legal fight over Illinois' proposed crypto transaction tax, what Congress' summer recess means for pending crypto legislation, and the growing uncertainty surrounding the Clarity Act. Then, we sit down with three expert guests: StarkWare General Counsel Katherine Kirkpatrick Bos to unpack the CME Group's lawsuit against the CFTC over perpetual futures, Sumsub Chief Growth Officer Ilya Brovin to discuss how AI is transforming compliance and fraud prevention, and Connecticut State Police Detective Matt Hogan to provide a front-line perspective on crypto investigations, blockchain policy, and the practical impact of regulation on law enforcement.

Is August 7th the Real Deadline for the Clarity Act? | Miller Whitehouse-Levine

The clock is ticking on the Clarity Act. In this episode, recorded at the Solana Policy Institute's Washington and Wall Street event in Chicago, SPI founder and CEO Miller Whitehouse-Levine explains why he believes August 7 is the Senate's last real opportunity to pass crypto market structure legislation this Congress and why he's grown frustrated with calls for more time after 18 months of negotiations. Miller breaks down the final hurdles standing in the bill's way, including the battle over the Blockchain Regulatory Certainty Act (BRCA), why he believes the provision is essential to protecting software developers from criminal liability, and how ongoing negotiations with law enforcement groups could shape the bill's path forward. We also discuss the growing political influence of the crypto industry, why durable legislation matters more than temporary regulatory relief, the rise of developer-focused advocacy in Washington, and what could happen to innovation in the United States if Congress fails to act before the window closes. TIMESTAMPS:  00:00 Introduction to the Solana Policy Institute Event 01:40 Regulatory Landscape for Crypto and Perpetual Futures 03:11 The Importance of Durable Wins in Crypto Regulation 05:26 Politics and Its Impact on Crypto Regulation 06:32 Supreme Court and Independent Commissions 07:56 Clarity Act: Current Status and Expectations 10:23 The Role of Law Enforcement in Crypto Regulation 12:07 Blockchain Regulatory Certainty Act (BRCA) Overview 15:57 Potential Changes to BRCA Language 17:51 Ethics in Crypto Regulation 20:44 Political Engagement and the Developers Pack 23:06 The Future of Software Development and Regulation 25:44 Navigating Uncertainty in the Crypto Space 28:04 Impact of Leadership Changes on Crypto Cases 30:12 Future Priorities for the Solana Policy Institute Subscribe to the podcast on Spotify: https://www.youtube.com/redirect?event=video_description&redir_token=QUFFLUhqbEtGQ2xhVWpaWUFXM3hsb2VZTTFMWndYWWQ3Z3xBQ3Jtc0trR0t1WWQxOEhkeVBQY2FrNF9VWERtc0xzOVVycE9IT2xkUEtMeGJXY0U5VExBZDc4RVAyRDZWNUhxb293SnRBcFhacEpTVjNxUlRFbExNcXAwSUtCM3h4NGtKbncxZkM1ZnZoRlJlcFVUNVgwUFVWUQ&q=https%3A%2F%2Fopen.spotify.com%2Fshow%2F2Y3bQRjEQtdlNx1fxmS8hB%3Fsi%3D813495451b9f4e4e&v=wdm8S4sb5KEhttps://open.spotify.com/show/2Y3bQRjEQtdlNx1fxmS8hB [https://open.spotify.com/show/2Y3bQRjEQtdlNx1fxmS8hB]  Subscribe to the podcast on Apple: https://www.youtube.com/redirect?event=video_description&redir_token=QUFFLUhqbTMwbng5NW5ieHhfcnE5Q1ZpMUc5amJ2VGhLQXxBQ3Jtc0tsYVFVNmMtLUNrd0lMTjF3MmQxbXlkZ2ZlUmNJaExucUFYVS1LSEdseTJXYlhVYTA5MFJBd1JfcDg3LVNvdlA0MkhpOXlZVkdDQXlVcWFEZ2ZJMzEtQ0xSZ0I2T1JtODkyR0p6bWtVR0xESTRGbHBMQQ&q=https%3A%2F%2Fpodcasts.apple.com%2Fus%2Fpodcast%2Fcrypto-in-america%2Fid1799000155&v=wdm8S4sb5KE https://podcasts.apple.com/us/podcast/crypto-in-america/id1799000155 [https://podcasts.apple.com/us/podcast/crypto-in-america/id1799000155]  Please note that this podcast is for informational purposes only and any views shared by anyone on the show are opinions, not financial advice. The host or guests may have a direct or indirect financial interest in content mentioned in this episode. This show is sponsored by Sei. Learn more about Sei: https://www.sei.io/ [https://www.youtube.com/redirect?event=video_description&redir_token=QUFFLUhqbHBVU3dCa0xDaURKWHVsM3VjcTl3ME4wY294Z3xBQ3Jtc0trWk5XX09qNUhsa2JDRmVMemJITWFnck5TaEdtSUp0R0xNX3Foanppa3ZDeENMSUp0ZVczNnM3bVpYa01SSkROSEVnbXVCX2NmSElBYkRxWTFBSm4xQUlzZ09OVFBRSlluakpoVVFkYUF6Y05nV0Y0UQ&q=https%3A%2F%2Fwww.sei.io%2F&v=wdm8S4sb5KE] Follow Crypto in America: https://x.com/CryptoAmerica_ [https://www.youtube.com/redirect?event=video_description&redir_token=QUFFLUhqbmFheFZ5cXNxb0FIZlpnVUhoOFQxYTAxTWtaQXxBQ3Jtc0ttcWZmMy1BbG1pX3RfNWpHUExTVkdQVUViOHBiNkM4VFNnTWU5RnVtSTdjQVRBTkMzWHpYei02VEVSZk1JM3NOOFFuTnQ3WVY3R3pxd0ZHR1FRYmhHVE9vZDRyTnVrVVZ4M2tFWFVYLXJKOGcwNVFYZw&q=https%3A%2F%2Fx.com%2FCryptoAmerica_&v=wdm8S4sb5KE] Follow our hosts Jacquelyn: https://x.com/jacqmelinek [https://www.youtube.com/redirect?event=video_description&redir_token=QUFFLUhqbUFtTVlQbXJHWnVDTU51ODR0aEdVUkQ5ZlE2QXxBQ3Jtc0tuTExUZjFoUDBxUWFQaDdYallYbG5NbEpkdEZOVmd4U3pCZXd0ZEtjaUhQaWpETGZteGN2d2N4aVNmYXVPMldWa25PRWxyaFJKNHBKQWw5S3dRdHZnRnIwc0VBcVRXSjZUTnk4cHIwemZSM2U5dFdZWQ&q=https%3A%2F%2Fx.com%2Fjacqmelinek&v=wdm8S4sb5KE] Gerald: https://x.com/thatgerald [https://www.youtube.com/redirect?event=video_description&redir_token=QUFFLUhqbm9jNnN1aTN1M1lwX0JNS2xyTlBfTTc5ek8yQXxBQ3Jtc0trc2kwbzRDRXFBTjVIYkx5eDFxd180QzQ4VHZTaENlcnUtSDJtSDdGOXI2V1R5eEZzZEZRdnVfdnpWZHVpamNpNEM2VlU0c0Q0a3U2SzZHaWFCUzlsc1ZteEFHNnFjelBkQ25VRnQzcFdzazh3V1FQOA&q=https%3A%2F%2Fx.com%2Fthatgerald&v=wdm8S4sb5KE] Eleanor: https://x.com/EleanorTerrett [https://www.youtube.com/redirect?event=video_description&redir_token=QUFFLUhqbGpTRENXRnY5Xzd1QnhKM3p3a05XZm5CMGtPQXxBQ3Jtc0ttX2x3NWlRNjE4ZUoyMlFaQWdJSVp2UDJkclFIS1BwY0tnNTNEQTZXQXhnMjFXbTRFdWR3OC1JUEVWY0lrTjk1RmgyZ3Y3c0gzbDlfa3FYYko2SFkyQi13cXcyOW1Demx1OWtldG9DaHJZN3BvanV6UQ&q=https%3A%2F%2Fx.com%2FEleanorTerrett&v=wdm8S4sb5KE]

CME vs. CFTC, SpaceX HYPE, and Wall Street's Tokenization Push

The crypto industry is closely watching a lawsuit between CME and the CFTC that could shape the future of innovation in U.S. derivatives markets. We break down what's at stake for perpetual futures and other crypto-native products with Hyperliquid Strategies CEO David Schamis and 250 Digital CEO Chris Perkins. Plus, a new coalition backed by some of Wall Street's biggest names is pushing to modernize the regulatory framework for tokenized markets. Chris Hayes, Executive Director of the Coalition for Tokenized Markets, joins us to discuss the policy changes still needed to make the U.S. a global leader in tokenization.

Rep. Dusty Johnson Warns Senate: Pass the Clarity Act Before August

Rep. Dusty Johnson says the window for passing crypto market structure legislation is rapidly closing. In this episode, the House Agriculture Committee’s Digital Assets Subcommittee Chair explains why the Senate needs to move quickly on the Clarity Act, where he believes lawmakers should land on DeFi regulation, how Congress is thinking about CFTC funding, and what happens if the Senate sends the House a bill it can’t support. Johnson also explains why he compares today’s crypto industry to the early days of the internet and argues that the Clarity Act could do for digital assets what the Telecommunications Act of 1996 did for broadband. He also breaks down why the House Agriculture Committee was able to advance the original bill with overwhelming bipartisan support and the hurdles that still stand between the legislation and the President’s desk. In this episode,  TIMESTAMPS: 00:40 Congressman Dusty Johnson’s Perspective on Crypto In America  02:17 Agriculture Committee’s Shared Jurisdiction Over Crypto 04:04 Expanding Broadband and Blockchain's Power 05:34 Parallels Between Telecom Act of 1996 and Clarity Act 06:54 Policy Initiatives and Why Passing Clarity is Urgent 13:25 DeFi Regulation and Senate vs. House Approaches 21:42 Spot Authority and CFTC Oversight 25:47 Path to Bipartisan Support and Legislative Timeline 28:53 Evolution of Anti-CBDC Legislation 30:43 Johnson’s Message to Industry Subscribe to the podcast on Spotify: https://www.youtube.com/redirect?event=video_description&redir_token=QUFFLUhqbEtGQ2xhVWpaWUFXM3hsb2VZTTFMWndYWWQ3Z3xBQ3Jtc0trR0t1WWQxOEhkeVBQY2FrNF9VWERtc0xzOVVycE9IT2xkUEtMeGJXY0U5VExBZDc4RVAyRDZWNUhxb293SnRBcFhacEpTVjNxUlRFbExNcXAwSUtCM3h4NGtKbncxZkM1ZnZoRlJlcFVUNVgwUFVWUQ&q=https%3A%2F%2Fopen.spotify.com%2Fshow%2F2Y3bQRjEQtdlNx1fxmS8hB%3Fsi%3D813495451b9f4e4e&v=wdm8S4sb5KEhttps://open.spotify.com/show/2Y3bQRjEQtdlNx1fxmS8hB [https://open.spotify.com/show/2Y3bQRjEQtdlNx1fxmS8hB]  Subscribe to the podcast on Apple: https://www.youtube.com/redirect?event=video_description&redir_token=QUFFLUhqbTMwbng5NW5ieHhfcnE5Q1ZpMUc5amJ2VGhLQXxBQ3Jtc0tsYVFVNmMtLUNrd0lMTjF3MmQxbXlkZ2ZlUmNJaExucUFYVS1LSEdseTJXYlhVYTA5MFJBd1JfcDg3LVNvdlA0MkhpOXlZVkdDQXlVcWFEZ2ZJMzEtQ0xSZ0I2T1JtODkyR0p6bWtVR0xESTRGbHBMQQ&q=https%3A%2F%2Fpodcasts.apple.com%2Fus%2Fpodcast%2Fcrypto-in-america%2Fid1799000155&v=wdm8S4sb5KE https://podcasts.apple.com/us/podcast/crypto-in-america/id1799000155 [https://podcasts.apple.com/us/podcast/crypto-in-america/id1799000155]  Please note that this podcast is for informational purposes only and any views shared by anyone on the show are opinions, not financial advice. The host or guests may have a direct or indirect financial interest in content mentioned in this episode. This show is sponsored by Sei. Learn more about Sei: https://www.sei.io/ [https://www.youtube.com/redirect?event=video_description&redir_token=QUFFLUhqbHBVU3dCa0xDaURKWHVsM3VjcTl3ME4wY294Z3xBQ3Jtc0trWk5XX09qNUhsa2JDRmVMemJITWFnck5TaEdtSUp0R0xNX3Foanppa3ZDeENMSUp0ZVczNnM3bVpYa01SSkROSEVnbXVCX2NmSElBYkRxWTFBSm4xQUlzZ09OVFBRSlluakpoVVFkYUF6Y05nV0Y0UQ&q=https%3A%2F%2Fwww.sei.io%2F&v=wdm8S4sb5KE] Follow Crypto in America: https://x.com/CryptoAmerica_ [https://www.youtube.com/redirect?event=video_description&redir_token=QUFFLUhqbmFheFZ5cXNxb0FIZlpnVUhoOFQxYTAxTWtaQXxBQ3Jtc0ttcWZmMy1BbG1pX3RfNWpHUExTVkdQVUViOHBiNkM4VFNnTWU5RnVtSTdjQVRBTkMzWHpYei02VEVSZk1JM3NOOFFuTnQ3WVY3R3pxd0ZHR1FRYmhHVE9vZDRyTnVrVVZ4M2tFWFVYLXJKOGcwNVFYZw&q=https%3A%2F%2Fx.com%2FCryptoAmerica_&v=wdm8S4sb5KE] Follow our hosts Jacquelyn: https://x.com/jacqmelinek [https://www.youtube.com/redirect?event=video_description&redir_token=QUFFLUhqbUFtTVlQbXJHWnVDTU51ODR0aEdVUkQ5ZlE2QXxBQ3Jtc0tuTExUZjFoUDBxUWFQaDdYallYbG5NbEpkdEZOVmd4U3pCZXd0ZEtjaUhQaWpETGZteGN2d2N4aVNmYXVPMldWa25PRWxyaFJKNHBKQWw5S3dRdHZnRnIwc0VBcVRXSjZUTnk4cHIwemZSM2U5dFdZWQ&q=https%3A%2F%2Fx.com%2Fjacqmelinek&v=wdm8S4sb5KE] Gerald: https://x.com/thatgerald [https://www.youtube.com/redirect?event=video_description&redir_token=QUFFLUhqbm9jNnN1aTN1M1lwX0JNS2xyTlBfTTc5ek8yQXxBQ3Jtc0trc2kwbzRDRXFBTjVIYkx5eDFxd180QzQ4VHZTaENlcnUtSDJtSDdGOXI2V1R5eEZzZEZRdnVfdnpWZHVpamNpNEM2VlU0c0Q0a3U2SzZHaWFCUzlsc1ZteEFHNnFjelBkQ25VRnQzcFdzazh3V1FQOA&q=https%3A%2F%2Fx.com%2Fthatgerald&v=wdm8S4sb5KE] Eleanor: https://x.com/EleanorTerrett [https://www.youtube.com/redirect?event=video_description&redir_token=QUFFLUhqbGpTRENXRnY5Xzd1QnhKM3p3a05XZm5CMGtPQXxBQ3Jtc0ttX2x3NWlRNjE4ZUoyMlFaQWdJSVp2UDJkclFIS1BwY0tnNTNEQTZXQXhnMjFXbTRFdWR3OC1JUEVWY0lrTjk1RmgyZ3Y3c0gzbDlfa3FYYko2SFkyQi13cXcyOW1Demx1OWtldG9DaHJZN3BvanV6UQ&q=https%3A%2F%2Fx.com%2FEleanorTerrett&v=wdm8S4sb5KE]

SpaceX Goes Public as Clarity Act Negotiations Reach a Critical Stage

The largest IPO in history has arrived. Elon Musk's SpaceX begins trading at a roughly $1.8 trillion valuation as the crypto market looks to recover from recent lows. Meanwhile, Clarity Act negotiations continue in the Senate, but progress on at least one key sticking point appears to have slowed with just a month left before lawmakers depart for the August recess. White House Crypto Council Executive Director Patrick Witt joins us with the latest from Washington. We also dive into the House's renewed focus on crypto taxes with former IRS Digital Assets Senior Advisor and Crypto Tax Girl Tax Director Trish Turner, and discuss the industry's push to preserve developer protections in the Clarity Act with Jito Labs CEO Lucas Bruder.