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Bryan Steil: “Is defi even contemplated by existing law?”

Featuring: Bryan Steil, Republican | U.S. House, Wisconsin, District 1

Bryan Steil To Experts Will Companies 'Move Offshore' If There Is 'Lack Of Clarity' In Crypto Regs

Published February 19, 2025 | Video Starts at 00:57

For example, is the crypto spot market lack a clear federal regulator? Yes, it does lack. And is there. Is there a regulatory framework for stablecoin and stablecoin issuers? There is not and Is defi even contemplated by existing law? It is not. And the ambiguous legal classification of digital assets is a security as a commodity? That's an open question. Correct. Okay, so then, Mr. Garrison, your view. (00:57–01:01)

CLAIM

Asserts that defi is not contemplated by existing law.

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Bryan Steil

“The White House's AI and crypto czar David Sacks said the administration's committed to working with Congress on a market structure and…”
Bryan Steil To Experts Will Companies 'Move Offshore' If There Is 'Lack Of Clarity' In Crypto Regs | Uploaded February 19, 2025 | 00:12-00:22
“While financial market regulators have the power to clear up some of the regular regulatory ambiguity related to the digital asset…”
Bryan Steil To Experts Will Companies 'Move Offshore' If There Is 'Lack Of Clarity' In Crypto Regs | Uploaded February 19, 2025 | 00:21-00:34
“Is the crypto spot market lack a clear federal regulator?”
Bryan Steil To Experts Will Companies 'Move Offshore' If There Is 'Lack Of Clarity' In Crypto Regs | Uploaded February 19, 2025 | 00:44-00:49
“Is there a regulatory framework for stablecoin and stablecoin issuers? There is not.”
Bryan Steil To Experts Will Companies 'Move Offshore' If There Is 'Lack Of Clarity' In Crypto Regs | Uploaded February 19, 2025 | 00:52-00:57
“The ambiguous legal classification of digital assets is a security as a commodity? That's an open question.”
Bryan Steil To Experts Will Companies 'Move Offshore' If There Is 'Lack Of Clarity' In Crypto Regs | Uploaded February 19, 2025 | 01:03-01:09
“Will companies move offshore to jurisdictions with regulatory certainty or because of possible enforcement actions?”
Bryan Steil To Experts Will Companies 'Move Offshore' If There Is 'Lack Of Clarity' In Crypto Regs | Uploaded February 19, 2025 | 01:16-01:24
“Would you foresee the US Having to import regulatory standards and market practices from other countries if the United States fails to act?”
Bryan Steil To Experts Will Companies 'Move Offshore' If There Is 'Lack Of Clarity' In Crypto Regs | Uploaded February 19, 2025 | 01:41-01:49
“Do you think we're already lagging behind in this space today?”
Bryan Steil To Experts Will Companies 'Move Offshore' If There Is 'Lack Of Clarity' In Crypto Regs | Uploaded February 19, 2025 | 01:53-01:57
“With there being no standards in the US for some of these crypto companies, consumers were trying to vet different projects, different…”
Bryan Steil To Experts Will Companies 'Move Offshore' If There Is 'Lack Of Clarity' In Crypto Regs | Uploaded February 19, 2025 | 02:05-02:14
“If we provided that regulatory standards for stablecoins, we would be eliminating a major gap in the ecosystem.”
Bryan Steil To Experts Will Companies 'Move Offshore' If There Is 'Lack Of Clarity' In Crypto Regs | Uploaded February 19, 2025 | 03:26-03:33