Sen. Gillibrand: Lawmakers Issuing Crypto Is ‘Against the Constitution’

Summary

Senator Kirsten Gillibrand discusses the ethics provision banning lawmakers from issuing or promoting cryptocurrencies, calling it against the Constitution. She expresses optimism about passing market structure legislation before midterms and introduces a new prediction markets bill. The conversation also covers stablecoin rulemaking, the unbanked, and AI's impact on jobs and education.

• Sen. Gillibrand advocates for an ethics ban on lawmakers issuing or promoting crypto.
• She is optimistic that market structure legislation will pass before the midterms.
• A compromise on stablecoin interest provision in the Clarity Act has been reached.
• The GENIUS Act comment phase is ongoing with banks potentially slowing implementation.
• She introduces a prediction markets bill with Sen. McCormick to ban insider betting by lawmakers.
• The Democratic Party is positioned as the party of the future for crypto innovation.
• Crypto can help address the unbanked and underbanked population.
• AI and education reform are highlighted as key future topics for legislation.