Messari Podcast #6: Primer on Federal & State Regulators for Crypto w/ Jake Chervinsky

In this week’s podcast, we have with us Jake Chervinsky to give us a better & easier primer to understand some of the regulators in the crypto space. We cover 7 federal agencies and 2 state agencies: what the acronym stands for, what the agency does/have jurisdiction over, and how that relates to crypto.

We have seen such an onslaught of regulatory action in the crypto space lately— and reading the discussions and reactions online made me realize that we really just need a better & easier primer to understand some of the confusing sounding regulatory agencies out there.

In this week’s episode, we have with us Jake Chervinsky, who is a securities litigation attorney with Kobre & Kim LLP to help with the agency definitions. (https://twitter.com/jchervinsky) In a Q&A format, we go over the following for each agency: what the acronym stands for, what the agency does / have jurisdiction over, how that relates to crypto.

The U.S. agencies we will be covering in this episode (with timestamps!):

Federal agencies

SEC (Securities and Exchange Commission) 02:04
CFTC (Commodity Futures Trading Commission) 03:11
FINRA (Financial Industry Regulatory Authority) 04:45
FinCEN (Financial Crimes Enforcement Network) 05:59
OFAC (Office of Foreign Assets Control) 07:15
CFPB (Consumer Financial Protection Bureau) 08:30
OCC (Office of the Comptroller of the Currency) 09:30

State agencies-

NYDFS (New York State Department of Financial Services) 11:30
NYAG (New York State Attorney General) 13:20