THE HASH: Binance CEO's Response to CFTC Lawsuit; What's Behind XRP's Price Surge?

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4.7 • 698 Ratings

🗓️ 28 March 2023

⏱️ 24 minutes

🔗️ Recording | iTunes | RSS

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Summary

The most valuable crypto stories for Tuesday, March 28, 2023. "The Hash" tackles today's hot topics: Binance CEO Changpeng “CZ” Zhao responds to the CFTC's lawsuit. Disney dismantles its entire metaverse unit. The hacker behind the $200 million Euler attack suddenly feels remorse and returns millions in funds. Plus, what's behind the price surge for Ripple's XRP token? See also: Binance CEO Zhao Calls CFTC Suit an ‘Incomplete Recitation of Facts’ Disney Lays Off Metaverse Team: Report Hacker Behind $200M Euler Attack Apologizes, Returns Millions in Ether, Dai to Protocol XRP Surges to Five-Month High as Some Point to Bitcoin Commodities Mention - This episode has been edited by Jonas Huck. The senior producer is Michele Musso and the executive producer is Jared Schwartz. Our theme song is “Neon Beach.” - Join the most important conversation in crypto and Web3 at Consensus 2023, happening April 26-28 in Austin, Texas. Come and immerse yourself in all that Web3, crypto, blockchain and the metaverse have to offer. Use code THEHASH to get 15% off your pass. Visit coindesk.com/consensus. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Transcript

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0:00.0	This is the hash podcast. Stay informed with the latest on Bitcoin, Eith, the Metaverse, Web3, and more.
0:15.6	All on the hash for your ears. You're listening to the Coin Desk Podcast Network.
0:23.3	Hello, happy afternoon.
0:24.8	Welcome to CoinDest TV.
0:25.9	You are watching The Hash.
0:27.6	Today I'm joined by Wendy O from the O Show and David Z Morris,
0:30.6	the chief insights columnist here at CoinDesk.
0:33.6	We got four stories coming up for you.
0:35.4	Catch you up on all that's happening in crypto and culture.
0:37.9	Dave, let's start off with you. Got some new back and forth in the CZ versus CFC case.
0:42.8	Yes. So listeners yesterday heard the hash team discuss this major new lawsuit against
0:48.5	finance by the CFTC, claiming a wide variety of things. We got a response from Binance under CZ's byline today.
0:56.4	Right off the bat, I will say it is not a very convincing rebuttal of the CFTC's claims.
1:01.7	And the pull quote that we put in our headline here kind of sums it up, where he says that
1:06.4	it is an incomplete listing of facts, which when the facts are the various evasions that you've done
1:12.4	against the law, and you're saying they didn't get all of them, not necessarily a great way
1:16.5	to put your rebuttal. And there are a few other nuances here where finance does something
1:21.1	that it has done before, trying to slightly misdirect, in my opinion, rather than rebut.
1:26.6	And so, you know, not inspiring confidence on that front.
1:29.3	We did also have the head of the CFTC appearing on CNBC this morning saying basically what
1:35.3	they had said in their press release yesterday, that there was clear evidence of attempts to evade
1:40.8	criminal controls and having read parts of the 50 plus page suit, that certainly seems
	...

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