THE HASH: Court Examiner Says FTX's Bankruptcy Fees Already Topped $200M; Could Stablecoins, DeFi be in SEC's Crosshairs Next?
CoinDesk Podcast Network
CoinDesk
4.8 • 689 Ratings
🗓️ 21 June 2023
⏱️ 20 minutes
🧾️ Download transcript
Summary
This episode is sponsored by PayPal.
The most valuable crypto stories for Wednesday, June 21, 2023.
"The Hash" explores today's top stories in crypto, including FTX’s bankruptcy fees already topping $200 million, according to a court-appointed examiner. Separately, Berenberg's recent research suggests stablecoins and DeFi are likely to become the next targets in the U.S. Securities and Exchange Commission (SEC)'s crypto crackdown. And, the Monetary Authority of Singapore (MAS) is proposing common conditions for retail payments with digital money on a distributed ledger.
See also:
FTX’s Bankruptcy Fees Already Topped $200M, Court Examiner Says
Stablecoins, DeFi Likely to Be SEC’s Next Targets in U.S. Crypto Crackdown: Berenberg
Central Banks Propose CBDC, Stablecoin Standards With Amazon, Grab Running Trials
This episode has been edited by senior producer Michele Musso and the executive producer is Jared Schwartz. Our theme song is “Neon Beach.”
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Transcript
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| 0:00.0 | This episode of The HASH is sponsored by PayPal. |
| 0:10.6 | This is the HASH podcast. |
| 0:13.2 | Stay informed with the latest on Bitcoin, ETH, The Metaverse, Web3, and more. |
| 0:18.5 | All on the Hash for your ears. |
| 0:22.0 | You're listening to the Coin Desk Podcast Network. |
| 0:26.7 | Hello and welcome to the hash here on CoinDest TV and the CoinDesk Podcast Network. |
| 0:32.6 | I am Zach Seward. |
| 0:33.5 | We got Jen Sennassie. |
| 0:34.3 | We got Wendy O. |
| 0:35.5 | We got some news to get to about what is going on in the world of crypto. |
| 0:40.0 | I'm starting us off today. |
| 0:41.4 | You guys ready for this? |
| 0:42.9 | Berenberg, Investment Bank, is wondering if there is another shoe to drop in the SEC's crypto crackdown, |
| 0:50.8 | and they're speculating it seems that stable coins and defy may be next on the |
| 0:56.8 | SEC's hit list. We'll see if this transpires, but obviously this would be in accordance with |
| 1:01.8 | sort of the way the SEC has approached this so far. Their regulation by enforcement approach |
| 1:06.2 | has sort of gone down the crypto stack and could potentially reach stable coins such as |
| 1:10.6 | USDC and potentially even defy with the move to expansion. sort of gone down the crypto stack and could potentially reach stable coins such as USTC |
| 1:11.1 | and potentially even defy with the move to expand the definition of an exchange to encapsulate |
| 1:17.5 | a lot of the stuff happening on chain. I don't know. I don't know if they know something that we |
| 1:22.5 | don't, but it is interesting to think about. I'll toss it to Jen for her thoughts. |
| 1:27.2 | Yeah, I mean, this is an interesting insight. |
... |
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