Crypto's coming of age moment

Equity

TechCrunch

Entrepreneurship, Business News, News, Business, Technology

4.2 • 372 Ratings

🗓️ 14 August 2021

⏱️ 30 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

This week Danny and Alex and Chris took to Twitter Spaces to chat about the current state of the crypto economy, and hang out with friends in a live Twitter Space. We're doing more of these, so make sure that you are following the show on Twitter. As a small programming note, I forgot to tell the folks who chimed in during the chat that we were recording it, so we had to cut most the Q&A portion of the show. We got Ezra's permission, thankfully. The mixup was a bummer as we learned a lot. In the future, we'll not make that mistake and keep all the voices. So, what did we talk about? The following: The current state of crypto regulation in America, and how the government may screw everything up. In short, tech moves fast, and government moves slow. This creates friction. Coinbase kicked the ever-loving shit out of its Q2 earnings. But as it turns out the future for trading-powered companies could include a few quarters of slower results. And everyone wants to fund the next Coinbase. You can understand why. The company is printing cash lately, helping drive more investment into localized exchanges in different markets. Credits: Equity is produced by Theresa Loconsolo with editing by Kell. Bryce Durbin is our Illustrator. We'd also like to thank the audience development team and Henry Pickavet, who manages TechCrunch audio products. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Hey everyone welcome back to equity. This is Alex. I'm here with Danny. We are having a live chat about all things
0:15.6	crypto with a little bit of dose of coin base in there. It should be a really fun time. We're going to kick off with a discussion
0:21.0	about some recent, I don't know,
0:23.0	Danny, regulatory pressure in the United States, perhaps.
0:25.9	Then we'll dig into coin bases, somewhat epic Q2,
0:28.4	look ahead to Q3, and also talk just a tiny bit
0:30.9	about Robin Hood at the very end. Thank you for joining us.
0:33.2	This should be a nice, relaxed, fun chat.
0:35.7	It is, gosh, nearly 5 o'clock here on the East Coast.
0:38.7	It is one bajillion degrees, Danny, and I'm honestly having a pretty good week lots of good news I'm feeling good how are you
0:45.0	There's so much news going on and a lot of it going on in the crypto world
0:48.5	Yeah actually an astounding amount and the fun thing is it's all kind of interesting
0:52.4	I feel like for the longest time,
0:53.6	the crypto news was relatively blasey, but this week has been packed. But let's kick off with the biggest story that has been bouncing around in the
0:59.0	crypto world, especially over the weekend, which is the infrastructure bill here in the United States
1:03.9	Danny essentially Congress the American kind of elected bodies are trying to
1:08.2	pass a lot of money to rebuild the nation which we need and somehow
1:13.2	crypto-gard rubbed into this I think because of a tax issue day is that right right right
1:16.8	so there's a trillion dollar infrastructure bill that's been under debate
1:20.5	in the Senate for the last couple of months. It started in the House, there
1:23.7	been a couple of different versions of the infrastructure bill, but the most recent one, which
1:26.9	had bipartisan support, came together in the last couple of weeks or so, Rob Portman of Ohio,
	...

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