In this episode of "Around The Table", JoshuaJake and Samuel Armes discuss various topics related to cryptocurrency and government regulation with Anessa Allen Santos, J.D., a U.S. attorney and fintech regulatory sherpa. They cover the potential risks of CBDCs, the power of states to regulate crypto, and the issue of money laundering, as well as exploring the actions of regulatory bodies such as the SEC and CFTC, and the concept of decentralization in banking.
In this episode of "Around The Table," JoshuaJake and Samuel Armes are joined by Anessa Allen Santos, J.D., a U.S. attorney and fintech regulatory sherpa, to discuss a range of topics related to cryptocurrency and government regulation. They cover various issues, including the potential risks of CBDCs, the power of states to regulate crypto, the need for a digital and physical representation of currencies, and the issue of money laundering. Additionally, they delve into the actions of regulatory bodies such as the SEC and CFTC, the potential for lawsuits against the government, and the concept of decentralization in banking. They also explore the downsides of CBDCs and what the future of the industry might look like and touch on topics such as Web3, spirituality, and AI in the military. Tune in for an engaging and thought-provoking discussion on cryptocurrency's current state and future.
Note: This was filmed on 3/23/23 before Ron DeSantis released his CBDC bill. Linked below is a copy of the bill.
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LINKS to Learn More: Intelli Law: https://www.intellilaw.io/
Anessa Allen Santos’ LinkedIn: https://www.linkedin.com/in/anessaallensantos/
Anessa Allen Santos’ Twitter: https://twitter.com/anessasantoslaw
Florida’s CBDC Bill: https://www.myfloridahouse.gov/Sections/Committees/proposedbills.aspx?CommitteeId=3220&type=PCB&SessionId=99
CBDC Research Tracker: https://cbdctracker.org/
More about Anessa Allen Santos:
Anessa Allen Santos is a seasoned U.S. attorney who has served in senior management positions leading several technology companies from idea through acquisition by publicly traded companies. She is passionate about the promise of blockchain and related technologies to resolve financial exclusion, and to impose greater transparency on public markets and government agencies. Her practice is dedicated to helping innovative corporate clients maximize their growth potential while effectively navigating evolving regulations applicable to their business models. She has been appointed as a Special Magistrate and qualified as an expert witness for matters involving digital assets and financial regulations. She provides defense for financial crimes involving cryptocurrencies.
Anessa serves the legal community in leadership positions within the Florida Bar and with the Florida Blockchain Business Association – Florida’s dedicated blockchain lobbyist organization. She often lectures at select events, including at the National Press Club, on Capitol Hill, and for the Florida Bar. She has received several recognitions for her work in blockchain, such as the Top 100 People in Finance, Solo Female Entrepreneur of the Year from the Stevie Awards, and the Best ESG/SDG Token from Coinstreet Partners’ among others. She is a proud alumna of Oxford's Saïd Business School, where she studied blockchain strategies and financial technology. She received her juris doctorate from the University of Dayton and a Bachelor’s in International Diplomacy from Wright State University.
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TIMESTAMPS
0:00 Welcome, Anessa Allen Santos, J.D.
0:35 How much trouble are we in with CBDCs?
3:06 What do states have the power to do?
7:44 Why we need digital and physical representation in crypto
9:05 States don’t have the rights! Start a lawsuit CBDC edition.
16:24 How businesses are getting away with money laundering
19:23 SEC v CFTC what are they doing?
23:09 Is our government a pay-to-play system?
25:50 What is going on with Coinbase and the SEC Wells Notice?
29:59 Can the crypto industry sue the government?
32:33 Who is in charge, the FED or the US Treasury?
36:00 Can we create laws that would allow for more decentralization in banking?
38:36 Why are CBDCs bad? What does the future look like?
42:33 Anessa’s conspiracy theory 46:33 Why is Web3 becoming more spiritual?
52:43 Is the US behind the curve? 57:37 POG, AI, and the US military
1:00:34 What is the worst-case scenario?
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