Former Chairman of the powerful Commodity Futures Trading Commission (CFTC) and pioneer of crypto regulation, Christopher Giancarlo breaks down how crypto is viewed by the government and which organizations are empowered to put the kibash on crypto scams and fraud. Giancarlo explains why some cryptocurrency is treated as a commodity (regulated by the CFTC), some as a security (regulated by the SEC), and others may not be regulated at all (yet). The conversation explores the FTX meltdown, who will regulate stablecoins, the SEC under Chairman Gary Gensler, and the future of crypto regulation. Finally, Giancarlo looks at the "digital dollar" and explains to Joel how issues such as privacy and the 4th Amendment would apply to U.S., Central Bank-issued cryptocurrency.