Okay, everybody. It's a big news day today on the program. We're going to talk about Coinbase

and Brian Armstrong calling out the SEC over litigation as regulation and the fact that they're

being investigated and they received a Wells notice that they will not be allowed to release Coinbase

as lending program where you lend cryptocurrency to get a 7% or so return on your money.

And we were lucky enough to have Matt balance swig. Matt balance swig.

Swig. Swig. Matt balance swig from Genesis. He's the head of institutional lending and we went

down the rabbit hole with Matt. He's an incredible guest because he loans cryptocurrency

out to institutional investors and we go deep on tether on USDC and on what would happen if the

Bitcoin network went down. Stick with us. I do a couple of S.J. Since at the end that are really

interesting, it's going to be a great episode. This week in startups is brought to you by

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Okay. Coinbase is having a dispute with the SEC over what is a security and their new

lend product. The SEC has issued a Wells notice informing the company that the regulatory body

will take legal action. Coinbase launches the crypto lending platform called lend. Very creative

of the Coinbase team there. It is what they say. It is that you lend your crypto in order to make

a return on it. We'll get into that. It's kind of confusing and hopefully our guest will clarify it

...