EXCLUSIVE: Sen. Kirsten Gillibrand on her new crypto proposal and the SEC

Sen. Kirsten Gillibrand

Listen to Matt Laslo’s raw, uncut exclusive interview with New York Democratic Sen. Kirsten Gillibrand from 7-10-2023.

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Below is a rough transcript of the Gillibrand interview, slightly edited for clarity.

Matt Laslo: How’s that looking? Just, what’s ahead with negotiations?

Kirsten Gillibrand: “It’s an extremely thorough bill that creates a very strong baseline framework for consumer protection, for Know Your Customer, for anti-money laundering. And it will allow for a regulatory framework that not only preserves access to markets in the United States but protects consumers in a way that isn't provided elsewhere.”

ML: “What do you think of what the SEC has been doing? Lummis is complaining about all their actions while they've seen your draft.”

KG: “I think the SEC has been trying to regulate through enforcement, and that’s typically very unwise.”

Matt Laslo is a veteran congressional correspondent and the founder of Ask A Pol—a people-powered press corps. Find him on Twitter @MattLaslo, @Ask_a_Pol, Threads @mattlaslo or Instagram @askpols.

Camila Aponte and Noah Kolenda contributed to this.