20VC: Are the SEC Overreaching with its Approach to Crypto? Should Gensler Step Down? How do US Elections Impact Crypto Markets? How Did SBF and FTX Impact Crypto Long Term and more with Dave Ripley, CEO @ Kraken
The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
The Twenty Minute VC
4.4 • 637 Ratings
🗓️ 26 January 2024
⏱️ 31 minutes
🧾️ Download transcript
Summary
Dave Ripley is the CEO @ Kraken, one of the world's largest cryptocurrency exchanges, valued in 2022 at a whopping $10.8BN. Prior to Kraken, Dave was the Co-Founder of Glidera, a market-leading Blockchain technology company that Kraken acquired in 2016.
In Today's Episode with Dave Ripley:
1. From Boston Consulting Group to CEO of Kraken:
- How did Dave first make his way into the world of crypto?
- What are the single hardest elements of a CEO transition?
- What does Dave know now that he wishes he had known about CEOship?
2. What is the Usage for Crypto:
- Other than as a store of value, what application usage does crypto serve?
- Global payments are fine as is and are improving, why do they need crypto?
- Global remittance is served by Remote and Deel, why do they need crypto?
- No applications have been provided well, what really is the use case that makes sense?
3. Should Gensler Be Let Go and The SEC is Wrong:
- Why is the approach of the SEC completely flawed?
- Should Gensler be fired for his ineffectiveness?
- What is the right policy stance and approach to take from here?
Transcript
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| 0:00.0 | The regulation by enforcement approach is completely flawed. |
| 0:03.4 | They won't be successful. |
| 0:04.8 | They've lost in XRP. |
| 0:06.3 | They've lost the gray scale. |
| 0:08.0 | Kind of continue to not see success with these actions. |
| 0:11.0 | So they won't be successful. |
| 0:12.6 | This is 20VC with me, Harry Stebbings, and stay show is a slightly spicier one than usual. |
| 0:17.8 | I've long questioned the true utility value of much of crypto. And so today I sat down with the CEO of one of the world's leading crypto exchanges to discuss this, whether the SEC is overreaching and the impact of US elections on crypto markets, and so with that, I'm delighted to welcome Dave Ripley, CEO at Cracken, most recently valued at a whopping $10.8 billion in 2022. |
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... |
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