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The Fox News Rundown

Evening Edition: Cryptocurrency Regulations Could Hurt And Help The Volatile Market

The Fox News Rundown

FOX News Podcasts

News, Daily News, Politics

3.41.7K Ratings

🗓️ 6 July 2021

⏱️ 14 minutes

🧾️ Download transcript

Summary

Both China and the United States, two of the largest economies in the world, are calling on their financial institutions to put more regulations on the trading of cryptocurrencies. Proposed regulations have been proven to spook investors but government interest can go a long way in legitimizing the currency. FOX's Trey Yingst speaks with David Sacco, of New Haven University, about the impact of cryptocurrency regulation and advice on investing in the volatile market. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Hi all how we doing afternoon afternoon let's get this meeting meeting meeting

0:06.0

started

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when everyone's home erepte work mode

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when everyone's home ee work mode prioritizes your broadband for working from home, with faster speeds in more places than anyone else.

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e e broadband powered by BT work mode with e e smart up plus to verify see ee dot

0:29.1

credit e k slash claims I'm Jerry Willis I'm Steve doosey I'm Shannon Shannon Brem and this is the Fox News rundown.

0:35.0

Tuesday July 6th, 2021. I'm Trey Yinkst. Chinese regulators are cracking down on cryptocurrency as US

0:45.7

lawmakers explore doing the same. You can look at that as being a negative for

0:49.5

crypto in the sense that if people were using it to avoid regulation and regulators are trying to

0:53.7

access it and monitor it and track it that that's problematic at the same time it tells you

0:58.4

that governments and regulators are starting to take crypto away more seriously

1:01.6

This is the Fox News rundown. Evening Edition.

1:05.0

The rise and fall and rise again of cryptocurrency like Bitcoin, Ethereum, and Lightcoin has sparked a new

1:15.7

conversation about decentralized finance. Some financial advisors caution against investing

1:21.4

due to high risk and high volatility,

1:23.6

while others say crypto is the investment of the future.

1:26.6

I think what's interesting is that crypto started out as sort of a means for people to

1:30.9

engage in illicit transactions and keep themselves outside

1:35.7

the purview of government regulation right which led to sort of its initial

1:39.4

demand and interest in it for more on this this story, this is David Sacko, a practitioner in residence at the University of New

...

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