COINDESK DAILY: Trump Finalizes Key Picks for Crypto Regulators
CoinDesk Podcast Network
CoinDesk
4.8 • 689 Ratings
🗓️ 13 February 2025
⏱️ 3 minutes
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Summary
Host Christine Lee breaks down the latest news in the crypto industry as U.S. President Donald Trump finalizes nominations for key crypto regulators.
U.S. President Donald Trump finalizes nominations for key agencies that regulate crypto, while bitcoin remains flat Thursday as U.S. wholesale inflation data in January came in hotter than expected. Plus, SEC Commissioner Hester Peirce says memes are not within her agency’s jurisdiction. CoinDesk’s Christine Lee hosts “CoinDesk Daily.”
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This episode was hosted by Christine Lee. “CoinDesk Daily” is produced by Christine Lee and edited by Victor Chen.
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Transcript
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| 0:00.0 | U.S. wholesale inflation hotter than expected. Meme coins are out of SEC jurisdiction and Trump rounds up major picks for crypto regulators. |
| 0:10.0 | It's Thursday, February 13, 2025. I'm Christine Lee. This is Coin Us Daily. |
| 0:20.0 | We all want to believe in something. |
| 0:22.7 | In Chinese, belief also means trust. |
| 0:25.9 | We want to trust our systems and each other, so we can build a future beyond what we know. |
| 0:31.5 | Join us at Consensus Hong Kong, where belief becomes real. |
| 0:35.4 | U.S. inflation at the wholesale level came in faster than forecast last |
| 0:39.9 | month and another disappointment to investors and policymakers hoping for cooling price pressures. |
| 0:45.8 | The producer price index rose four tenths of a percent in January and three and a half percent |
| 0:50.4 | year over year. Both numbers faster than expected. The PPI number took on greater |
| 0:55.6 | significance, as Fed Chair Jerome Powell said, there's no rush to cut interest rates this week, |
| 1:00.4 | but he would be interested in seeing if today's number confirmed the disappointing CPI results. |
| 1:05.9 | The price of Bitcoin didn't immediately react to the fresh data. |
| 1:10.0 | Memecoins likely fall out of the jurisdiction |
| 1:12.6 | of the U.S. Securities and Exchange Commission. SEC Commissioner Hester Purse telling Bloomberg, |
| 1:17.3 | many of the meme coins that are out there probably do not have a home in the SEC under our |
| 1:22.0 | current set of regulations. If that's something Congress wants to address, they can do that. |
| 1:26.5 | Maybe that's something that the CFTC wants to address. they can do that. Maybe that's something that the |
| 1:27.7 | CFTC wants to address. But many of those, I think, are probably not within our jurisdiction. |
| 1:33.4 | Purse's hands-off stance is a market shift away from the SEC's approach to crypto regulation |
| 1:37.9 | under former chair Gary Gensler, who frequently asserted that all crypto tokens, aside from Bitcoin, |
| 1:43.7 | were securities. |
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