CoinDesk's The Policy Protocol hosts Rebecca Rettig and Renato Mariotti open on the current state of crypto and the industry's evolution before digging into the George Santos CFTC settlement and the ColdCard hardware wallet hack.

They are joined by SEC Commissioner Hester Peirce, who is departing the agency for academia after nearly a decade of service. Peirce reflects on the legacy she hopes to leave and shares a piece of parting advice for the industry. Plus, insights into what the SEC can and can't do on crypto rulemaking if the CLARITY Act fails, though she remains “optimistic” that the bill will pass.

And, Rebecca and Renato name Senators Thom Tillis (R-NC) and Ruben Gallego (D-AZ) as their bipartisan Person of the Week for the ethics compromise they delivered to the White House.

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Chapters/Timecodes

00:24 Welcome to The Policy Protocol

00:39 Crypto's 'Maturation' and Its TradFi Era

02:03 George Santos, the CFTC, and Kalshi

03:08 Prediction Markets vs. the States

04:35 The ColdCard Hack and Self-Custody

06:42 Quantum Risk and Bitcoin's Design Tradeoffs

07:39 SEC Commissioner Hester Peirce Joins the Show

09:00 Peirce's Legacy: Let People Try Things

10:01 Why the SEC Should Read Its Jurisdiction Narrowly

11:42 A Message to Industry: Build Things People Need

12:50 What the SEC Can Do If CLARITY Doesn't Pass

17:06 Rebecca and Renato Debrief on Commissioner Peirce

18:25 Person of the Week: Sens. Tillis and Gallego

20:26 CLARITY Isn't an Industry-Friendly Bill