CoinDesk’s The Policy Protocol hosts Renato Mariotti and Rebecca Rettig open on what the Democratic midterm sweep means for the CLARITY Act. They then dig into the CFTC’s approval of stock perps and the Cboe and Citadel Securities lawsuit challenging it.
They’re then joined by Security Alliance (SEAL) researcher Tay Monahan, who breaks down last week’s $6.3 billion Binance hack and argues that no regulator can stop North Korea on its own. Tay also explains how Tether, Circle and the wider industry moved to freeze stolen funds, and names the one control she’d put in place against North Korean IT workers: meeting employees in person.
Plus, Renato and Rebecca name onchain investigator ZachXBT as their Person of the Week.
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This episode is brought to you by Grayscale, the world's largest digital asset-focused investment platform. Grayscale's mission is to make digital asset investing simple and open to every investor. Learn more at grayscale.com.
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Timecodes:
00:00 - Welcome to The Policy Protocol
01:15 - Unpacking the Midterms: Is the CLARITY Act Dead?
03:12 - A 'Terrible Night for Crypto'?
06:16 - A 'Rump CLARITY' in the Lame Duck?
07:20 - CFTC Approves Stock Perps
10:28 - The $6.3B Binance Hack: SEAL's Taylor Monahan Joins
11:11 - Could Any Rulebook Have Stopped the Binance Hack?
13:01 - Why Hackers Target Crypto, and Why Banks May Be Next
15:20 - Keeping North Korean IT Workers Out
18:52 - Tether, Circle and the Industry-Wide Freeze
22:54 - Why the Feds Want Freezes Without Court Orders
25:00 - Person of the Week: ZachXBT
