May 4th, 2023

Lee and Jimmie discuss their recent op-ed in the American Banker that calls for the creation of a federal regulatory sandbox to promote beneficial innovation in financial services. They then debate the definition of digital asset and why it is so hard to define digital asset and cryptocurrency in law and regulation. Lee gets Jimmie's thoughts on the role of AI in the classroom and the intersection of AI and crypto. The episode concludes with a preview of next week's joint hearing on crypto market structure with the House Ag and Financial Services committees.  Lee's Twitter: @leereiners Jimmie's Twitter: @jimmie_lenz Related Links US lags in financial innovation. Regulatory sandboxes are the answer: https://www.americanbanker.com/opinion/us-lags-in-financial-innovation-regulatory-sandboxes-are-the-answer U.S. SEC Changes Its Mind on Officially Labeling Digital Assets: https://www.coindesk.com/policy/2023/05/03/us-sec-changes-its-mind-on-officially-labeling-digital-assets/