Grayscale CEO on Crypto’s Big Bitcoin Win, & Political Ads on ‘X’ 8/30/23

Squawk Pod

CNBC

Business News, Investing, Business, News

4 • 494 Ratings

🗓️ 30 August 2023

⏱️ 30 minutes

🔗️ Recording | iTunes | RSS

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Summary

The crypto community celebrated a win this week after the U.S. Court of Appeals for the DC Circuit ruled that the SEC was wrong to deny crypto investment giant Grayscale permission to convert its popular bitcoin trust into an ETF. Grayscale CEO Michael Sonnenshein discusses the company’s win, and what it means for the broader crypto community. X has lifted Twitter’s 2019 ban on political ads, and Puck founding partner Teddy Schleifer discusses the social media platform’s influence on the 2024 presidential election. Plus, Apple has a new camera, and Tesla has an ‘Elon mode’ Autopilot configuration. Michael Sonnenshein - 13:25 Teddy Schleifer - 23:46 In this episode: Michael Sonnenshein, @Sonnenshein Teddy Schleifer, @teddyschleifer Robert Frank, @robtfrank Michael Santoli, @michaelsantoli Becky Quick, @BeckyQuick 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 and Vee producer Cameron Costa.
0:08.0	Today on our podcast
0:10.0	is a huge victory for us, for our investors, for really the crypto community and the investment community as a whole.
0:15.8	Michael Sarnen Shine, CEO of Greyscale, the crypto firm that won its lawsuit against the SEC what it means for the crypto crowd.
0:25.6	Coming out of this most recent crypto winter the investment community is never
0:30.3	been more certain that crypto as an asset class is here to stay. They want access to it.
0:34.6	And X allowing political ads once again. Puck news founder Teddy Schleifer on the election season still to come.
0:43.2	Elon and Linda Yacharino especially are going to be in the hot seat.
0:46.6	So welcome to the Thunderdome because every decision they make is going to be under a microscope.
0:51.1	Plus, but watch what's been happening.
0:53.2	The market's shrugging off an August slump?
0:56.6	The whole bad news is good news only gets you so far.
1:00.0	Apple's new camera, BK's misleading Whopper, and Tesla's troubling autopilot.
1:05.8	And why would you ever want to put your car in Elon Mode?
1:09.3	It's Wednesday, August 30th, 2023.
1:12.4	Elon Mode could go anywhere.
1:14.0	And Squack-Pod begins right now.
1:16.0	Stand Becky by in 3.
1:18.0	2, 1, Q, please.
1:20.0	Good morning.
1:22.0	Welcome to Squackbox here on
	...

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