NYC All Access Passes & Guard Rails for the “Wild West”

Squawk Pod

CNBC

Business News, News, Investing, Business

4.2 • 543 Ratings

🗓️ 4 August 2021

⏱️ 29 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

SEC Chair Gary Gensler shares his plan for taming the “Wild West” that is the cryptocurrency ecosystem. After years of leadership in finance regulation and teaching blockchain technology at MIT, Gensler praises innovation, but calls for “guard rails.” China is aiming to curb new Covid cases, and New York City has a new access pass for its social scene: proof of vaccination. Plus, CNBC’s Eamon Javers reports that the CDC is stepping in to extend the eviction moratorium. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Transcript

Click on a timestamp to play from that location

0:00.0	Bring in show music please.
0:04.0	This is Squawk Pod. I'm C NBC producer Katie Kramer.
0:08.0	Today on our podcast.
0:10.0	Wall Street's top regulator SEC Chair Gary Ginsler.
0:13.2	I count myself as pro-innovation, but I think that we also need rules of the road.
0:18.8	Automobile came along a hundred plus years ago, and if we didn't have rules of the road Detroit
0:23.3	wouldn't have been able to sell those automobiles those good factory jobs
0:26.6	wouldn't have been created. So crypto traders you've been warned buckle up.
0:31.5	Satoshi Nakamoto's invasion if if it's going to meet its potential, needs to come within public policy frameworks.
0:39.7	And the New York scene just got more exclusive, the latest access pass, proof of vaccination.
0:45.2	There's big incentives that are being offered and other places they're just saying
0:48.5	you got to have it happen or you're not going to be allowed to come in.
0:51.8	Those stories plus COVID lockdowns in China, again,
0:55.0	preventing eviction here at home
0:56.5	and a new Olympic event getting emotional about New Jersey.
1:00.4	Maybe it was, I had something in my eye. I'm not sure what it was.
1:04.0	It's Wednesday August 4th 2021 Squawk Pod begins right now.
1:10.0	Stand back you by in three, 2, 1, Q3.
1:14.4	Good morning everybody.
1:15.6	Welcome to Squack Box here on C.M.
1:18.2	I'm Becky Quick, along with Joe Kernen and Andrew Ross Sorkin.
1:21.2	New York City becoming the first US city to require proof of vaccination for things like indoor
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from CNBC, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of CNBC and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.