COINDESK DAILY: U.S. House Approves Crypto FIT21 Bill; Sam Bankman-Fried Being Moved to New Prison

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CoinDesk

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4.7 • 698 Ratings

🗓️ 23 May 2024

⏱️ 2 minutes

🔗️ Recording | iTunes | RSS

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Summary

Host Jennifer Sanasie breaks down the latest news in the crypto industry from the passage of the FIT21 bill to Sam Bankman-Fried being relocated to a new prison. To get the show every day, follow the podcast here. "CoinDesk Daily" host Jennifer Sanasie breaks down the biggest headlines impacting the crypto industry today, as the U.S. House of Representatives has approved FIT21, a wide-reaching bill to establish oversight and regulations for the crypto industry. Plus, U.S. spot bitcoin ETFs have reached a new record by holdings on Wednesday with more than 850,000 BTC in custody. And, Sam Bankman-Fried is being relocated to a new prison. - Consensus is where experts convene to talk about the ideas shaping our digital future. Join developers, investors, founders, brands, policymakers and more in Austin, Texas from May 29-31. The tenth annual Consensus is curated by CoinDesk to feature the industry’s most sought-after speakers, unparalleled networking opportunities and unforgettable experiences. Register now at consensus.coindesk.com. - This episode was hosted by Jennifer Sanasie. “First Mover” is produced by Jennifer Sanasie and Melissa Montañez and edited by Victor Chen. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Transcript

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0:51.5	The US House of Representatives has approved Fit 21, a wide-reaching bill to establish oversight
0:57.1	and regulation for the crypto industry. The bill saw support from House Democrats from across
1:01.6	the party lines with a 279 to 136 vote. The passage of the crypto market structure bill
1:07.9	marks the industry's most significant legislative accomplishment
1:11.1	in Congress. The issue is now heading to the U.S. Senate, where its future could be much murkier.
1:18.8	U.S. bought Bitcoin ETFs have reached a new record by holdings on Wednesday with more than
1:23.3	$850,000 Bitcoin in custody, surpassing the previous high of 845,000 Bitcoin from early April.
1:30.5	According to data tracked by X account Hoddle 15 Capital, Gray Scales, GBTC holds the largest
1:36.1	amount of Bitcoin among the ETF products with over $20 billion worth, followed by BlackRock's
1:42.3	Ibit at $ 19.6 billion.
1:45.9	Hashtex Bitcoin ETF is the smallest holder with $12 million worth.
1:50.9	Convicted crypto fraudster and former FTX CEO Sam Bangman-Fried is being relocated to a new
	...

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