CNBC Special Report: Crypto Night in America 9/9/22

Mad Money w/ Jim Cramer

CNBC

News, Investing, Business

4.3 • 4K Ratings

🗓️ 9 September 2022

⏱️ 45 minutes

🔗️ Recording | iTunes | RSS

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Summary

This CNBC special report hits on all the exciting action in the crypto-sphere. Hosted by Brian Sullivan. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Transcript

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0:00.0	Hello everybody, I am Brian Sullivan Jim is off again tonight and tonight Bitcoin topping
0:12.8	a key level.
0:13.8	We're going to tackle the jump back above 20,000 on Bitcoin plus let's make a deal.
0:19.6	Skybridge Capital and Sam Beckman freed or teaming up the moosh.
0:23.1	Anthony Scaremochi is with us tonight.
0:26.2	Even from the moosh to the merge, the Ethereum upgrade everybody is talking about but it's
0:30.7	playing what it is, why you care and what it means.
0:35.0	The future of crypto regulation, it is still cloudy.
0:37.4	We're going to try to clear that up with Congress's leading crypto skeptic.
0:42.3	All of that coming up on CNBC special crypto night in America.
0:47.2	Alright, we have got a lot to do.
0:49.4	Thanks for joining us on this Friday or as we call it crypto night.
0:53.0	So let's begin at the beginning with the big news today that is crypto billionaire,
0:57.8	Sam Beckman freed making another significant bet.
1:01.1	The venture arm of his firm FTX is taking a 30% stake in Skybridge Capital.
1:05.6	It is Anthony Scaremochi's alternative investment firm.
1:09.2	This deepens and already ongoing partnership between the two.
1:13.0	Remember crypto Bahamas?
1:14.7	Skybridge expected to use a portion of the capital to purchase $40 million with the
1:18.7	cryptocurrencies to hold on its balance sheet.
1:23.6	Now this latest deal adds the bank and freeds already growing empire.
1:25.7	He notably extended credit to BlockFi and Voyager when they were on the brink of collapse.
	...

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