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Hey there, welcome to CoinDesk TV. It's the hash. I think it's Groundhog Day today. So that's cool. Happy Groundhog Day. Here we are again to talk about the crypto news.

Let's get going. On Groundhog Day, we have someone doubling down on their anti-crypto stance,

and Adam is going to start us off with that. What do you got, Adam?

Thanks, Zach. First up, a new opinion piece in the Wall Street Journal calling for a ban on

cryptocurrencies is generating a lot of chatter this

morning. It's authored by Charlie Munger, the ultra-wealthy, octogenarian vice chairman of Berkshire

Hathaway, and a noted Bitcoin skeptic. In the piece, which is actually surprisingly short,

Munger describes cryptocurrencies as, quote, gambling contracts with a nearly 100% edge for the house,

end quote. He then calls for a broad federal ban, saying in part, quote,

the government of China banned cryptocurrencies because it widely concluded that they

would provide more harm than benefit, and quote, before going on to cite a ban on the

trading of new equities in 1700s, England, which I found an interesting comparison.

It's not a particularly nuanced article, and

notably towards the end, it suggests that after instituting a federal ban, the U.S. should,

quote, thank the Chinese communist leader for a splendid example of common sense, end quote.

There's a decent amount to be said here, even before we get into the rather polarized comments

on the article. Jen, you want to start us off today? Sure. I love that you brought up

all those quotes. It really wasn't a long article. I think when you go to the Wall Street Journal,

...