Coinbase CEO Brian Armstrong & Treasury Secretary Janet Yellen 6/07/23

Squawk Pod

CNBC

Business News, Investing, Business, News

4 • 494 Ratings

🗓️ 7 June 2023

⏱️ 46 minutes

🔗️ Recording | iTunes | RSS

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Summary

On Monday, the SEC sued crypto exchange Binance, on Tuesday, the SEC sued Coinbase, and on Wednesday, Coinbase CEO Brian Armstrong is speaking out. In a candid interview, Armstrong discusses the SEC’s complaint, the regulatory environment for crypto, and the next steps in court. In her first interview since the debt ceiling deal was passed, Treasury Secretary Janet Yellen weighs in on fiscal responsibility, inflation, and crypto. Plus, the PGA Tour has announced a deal to merge with LIV Golf, surprising sports fans and golfers everywhere and ending a bitter war of words. In this episode: Brian Armstrong, @brian_armstrong Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Andrew Ross Sorkin, @andrewrsorkin Katie Kramer, @Kramer_Katie

Transcript

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0:00.0	Bring in show music please.
0:03.0	Hi, I'm C NBC producer Katie Kramer, today on a super-sized squawk pod.
0:10.0	The SEC's crypto enforcement, the top financial regulator suing two crypto exchanges.
0:16.0	The SEC is supposed to be a stable agency that it's not supposed to be a political...
0:20.0	But it is.
0:21.0	One of those firms speaking out,
0:23.0	coin-based CEO Brian Armstrong.
0:24.9	They're saying everything other than Bitcoin is a security.
0:27.7	Well, that's not our interpretation of the law.
0:30.1	And that's not what the position of every other country around the world
0:32.8	their financial regulators is taking.
0:34.8	Treasury Secretary Janet Yellen weighs in on crypto, the debt ceiling, and our country's future.
0:40.8	I don't think there's a trade-off between investing in America and doing
0:45.4	spending that will improve the trajectory for our economy and running a
0:51.6	responsible fiscal policy.
0:54.0	And the shocking merger between the PGA tour and deep-pocated Saudi rival Live Golf,
1:00.0	ending a bitter war of words.
1:02.0	What they were saying was it's all about the trophy. live golf, ending a bitter war of words.
1:02.6	What they were saying was, it's all about the trophies and the history.
1:06.7	And now we know it's really not all about just the trophies and the history.
1:10.9	It's Wednesday, June 7th, 2023.
1:13.6	Squack Pod begins right now.
	...

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