Crypto’s Crunch, Tesla’s Pricetags, and Tim Cook’s Cut 01/13/23

Squawk Pod

CNBC

Investing, Business News, News, Business

4.2 • 543 Ratings

🗓️ 13 January 2023

⏱️ 29 minutes

🔗️ Recording | iTunes | RSS

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Summary

The SEC has charged crypto lender Genesis and crypto exchange Gemini with allegedly selling unregistered securities. Former SEC enforcer Lisa Braganca discusses the $900m customer funds currently in the balance and what the regulators are hoping to achieve. Now that the House Republicans have a majority, former House Majority Leader Eric Cantor discusses the GOP’s agenda, both in Congress and in the upcoming race for President. Plus, Tesla is cutting prices, and Apple CEO Tim Cook is taking a pay cut. In this episode: Lisa Braganca, @LisaBraganca Eric Cantor, @EricCantor Becky Quick, @BeckyQuick Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Cameron Costa, @CameronCostaNY

Transcript

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0:00.0	Bring in show music please.
0:04.0	This is Squawk Pod and I'm C.M.C. producer Cameron Costa.
0:08.0	On today's episode,
0:10.0	The crypto curse continues, another lender and another exchange now under the microscope.
0:17.0	Former SEC attorney Lisa Burganza on the SEC's latest allegations.
0:23.0	We know that Gemini had been under investigation for this product for quite some time,
0:29.0	more than a year, and yet the SEC allowed this to continue.
0:34.2	And the GOP's next hurdle,
0:36.9	agenda items in the newly Republican majority
0:39.6	House with former majority leader Eric Cantor.
0:43.0	In absolute numbers, people are still facing significant costs.
0:48.0	You know, services going out to eat, this is real for families, and we've got to get a handle on that.
0:54.0	Those conversations plus Tim Cook taking a pay cut.
0:58.0	Tesla cutting its own price tags and the wordle.
1:02.0	It's not just for fun folks. It keeps you sharp my friend.
1:05.6	Well that's clearly my problem. It's Friday, few. It's January 13th and Squawk Pod begins right now.
1:15.0	Stand Becky by in three, two, one, queue please.
1:20.0	Good morning everybody.
1:21.0	Welcome to Squawkbox here on C CMBC. We are live from the
1:24.1	NASDAQ market site in Times Square. I'm Becky Quick along with Joe
1:27.2	Kernan and Andrew Ross Sorkin. In crypto land, listen to this, the SEC
1:30.9	charging crypto firms Genesis and Gemini with allegedly selling
	...

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