Jennifer Schulp, Director of Financial Regulation Studies at Cato Institute

Jennifer Schulp is the Director of Financial Regulation Studies at Cato Institute's Center for Monetary and Financial Alternatives, where she focuses on the regulation of securities and capital markets. She has testified before Congress multiple times, including before the US Senate Committee on Banking, Housing and Urban Affairs, the US House Committee on Financial Services, and the Committee on House administration.

Prior to joining Cato, Jennifer was a director in the Department of Enforcement at the Financial Industry Regulatory Authority, Inc. (FINRA) where she represented FINRA in investigations and disciplinary proceedings relating to violations of the Federal Securities Laws [00:02:00] and Self-regulatory Organization rules.

Before that, Jennifer worked as a lawyer in private practice at Gibson Dunn and Crutcher, LLP, and clerked for Judge E Grady Jolly of the US Court of Appeals for the Fifth Circuit. Jennifer received her JD from the University of Chicago Law School. She holds an AB in political science from the University of Chicago.

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TIMESTAMPS
00:00 Welcome
01:12 Introduction and Celebrating International Women’s Day
02:55 Overview of Crypto Regulatory Environment and the SEC
12:52 The SEC’s Role in Regulating the Industry and Defining Decentralization
18:28 The Dangerous Situation of Crypto Projects and the Lack of Clear Pathways
22:21 The Bank Secrecy Act of 1970 and Its Expansion over Time: A History of Constitutional Concerns
34:03 Addressing Financial Surveillance in the Absence of the BSA
38:11 The Impact of the Bank Secrecy Act on the Crypto Policy Environment
42:34 The Third Party Doctrine and Its Compatibility with Modern Life
47:08 Financial Privacy and the SEC’s Consolidated Audit Trail (CAT)
55:10 The Challenges of Establishing a Self-Regulatory Organization (SRO) in the Crypto Space
01:01:02 IRS Regulations and Financial Surveillance
01:05:36 The Risks, Questions, and Concerns, about a US Central Bank Digital Currency (CBDC)
01:11:52 The Role of Litigation in Shaping Crypto Regulations and Its Impact on Congress and Regulators
01:17:43 The Future of Cryptocurrencies and the Importance of Avoiding Regulatory Barriers
01:20:39 Concluding Thoughts and the Importance of Financial Privacy and Privacy Coins in Crypto

DISCLAIMER

Please be advised that the information provided in this podcast is for informational and educational purposes only and is not to be taken as legal or financial advice. The opinions and views expressed by our guests are their own and may not reflect the official stance of the organizations they represent or those of Electric Coin Co. Always consult a legal or financial professional before making any decisions.