Into the Crypto-Verse: Coinbase CFO

Squawk Pod

CNBC

Business News, Investing, Business, News

4 • 494 Ratings

🗓️ 12 August 2021

⏱️ 20 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Bitcoin, ethereum, blockchain, the Senate, and a whole lot of volatility. Andrew Ross Sorkin explains why so many people are talking about the cryptoeconomy, in a conversation exclusive to Squawk Pod. Capitol Hill, the SEC, and the global public are grappling with what these tokens are--securities, maybe--and how to regulate them. Alesia Haas, CFO of Coinbase, the world’s largest cryptocurrency exchange, discusses the company’s recent financial results, the volatility that’s supported its success, and ways to keep investors safe.

Transcript

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0:00.0	This is Squawk Pod. I'm C. NBC producer Katie Kramer. Today on our podcast
0:06.9	Into the Cryptiverse.
0:09.6	Bitcoin, Ethereum, blockchain, why everyone from Wall Street to Capitol Hill and every barbecue in between is talking about crypto.
0:18.0	The pie, if you will, around crypto is going to continue it looks like to grow.
0:23.3	Unless of course there is some kind of,
0:25.8	you know, what they call crypto winter
0:27.5	where things, you know, turn remarkably negative.
0:30.5	I chat with Andrew Ross Sorkin only on this podcast plus the exchange that hosts most of
0:36.2	crypto's trades coin-based CFO Alicia Haas.
0:39.7	crypto is still new or seeing new blockchains come out.
0:42.6	Hang on, the token's wild ride,
0:45.1	and what it means for everyone's money.
0:47.0	Volatility helped deliver a very strong Q2,
0:50.4	but our product roadmap, adding new assets
0:52.3	we believe is going to really help us diversify over the long time and tamp out some of that volatility on our platform
0:56.9	And regulation how can Washington police it if they can't decide what it is?
1:02.0	Most crypto today we believe is not a security,
1:06.0	and we believe that we need to work with the SEC,
1:09.0	educate them and find the right regulatory framework that we can offer access to these products in a way that is safe for investors.
1:17.0	It's Thursday August 12, 2021, SquackPods crypto trip begins right after this.
1:23.6	You're listening to Squawk Pod from C NBC, and crypto crypto everybody's talking about it you might be hearing
1:35.8	about it at an outdoor restaurant maybe your cousin wants to get into
	...

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