THE HASH: Binance's CZ Distances Himself from BUSD Stablecoin; SEC's Latest Crypto Scrutiny
CoinDesk Podcast Network
CoinDesk
4.8 • 689 Ratings
🗓️ 14 February 2023
⏱️ 25 minutes
🧾️ Download transcript
Summary
The most valuable crypto stories for Tuesday, Feb. 14, 2023.
"The Hash" squad weighs in on today's top stories, including Binance’s Chief Executive Officer Changpeng “CZ” Zhao distancing himself from the Binance-branded stablecoin BUSD after regulatory action caused minting to cease. Plus, Bloomberg reports the U.S. Securities and Exchange Commission (SEC) plans to propose rule changes that would make it harder for hedge funds, private equity firms and pension funds to work with crypto firms.
See also:
Binance Hires Former Gemini-Exec as Chief Compliance Officer: Bloomberg
Stablecoin Issuer Paxos Burns $700M Binance USD in 27 Hours Amid Regulatory Pressure
SEC to Make It Harder for Hedge Funds to Work With Crypto Firms: Bloomberg
This episode has been edited by Michele Musso. Our executive producer is Jared Schwartz. Our theme song is “Neon Beach.”
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Transcript
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| 0:45.7 | That's audible.com slash Wondery UK. This is the hash podcast. |
| 1:00.7 | Stay informed with the latest on Bitcoin, ETH, the Metaverse, Web3, and more, |
| 1:05.6 | with stories that matter to the crypto world, all on the hash for your ears. |
| 1:11.6 | You're listening to the Coin Desk podcast network. |
| 1:15.8 | Hey, everybody. Welcome to the hash here on CoinDesd TV. Squads all here. Let's do this thing. |
| 1:20.5 | I'm Zach Seward. We got Wendy O. Jen Sanassie and Will Foxley. Lots going on. Let's get into |
| 1:25.2 | this thing. Will, lead us off with some fresh news, |
| 1:28.6 | the USDA situation. Happy Valentine's Day, guys. Come on. Yeah. We'll love here on the show. |
| 1:33.2 | Come on. Back, you missed it. Turn over to Binance land. We have more information about the BUSD |
| 1:39.1 | lawsuit between Paxos and the SEC with Chang Peng Z or or CZ as he's commonly referred to in industry. |
| 1:45.7 | He is a CEO of Binance, which uses the BOC stable coin. Paxos is the issuer and audits the |
| 1:53.3 | BOSD stable coin. The SEC is going after it after labeling it unregistered security. |
... |
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