THE HASH: Ex-Celsius CEO Alex Mashinsky Is Arrested as Insolvent Crypto Lender Is Sued by SEC, CFTC, FTC

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4.7 • 698 Ratings

🗓️ 13 July 2023

⏱️ 22 minutes

🔗️ Recording | iTunes | RSS

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Summary

The most valuable crypto stories for Thursday, July 13, 2023. "The Hash" tackles today's hot topics, including Alex Mashinsky, the co-founder and former CEO of insolvent crypto lender Celsius, getting arrested following an investigation into the company's collapse. This comes amid a slew of separate lawsuits against Mashinsky and Celsius by the SEC, CFTC, FTC. Separately, Coinbase lawyers argue the Supreme Court's recent judgment on student debt cancellation aids its defense against the SEC. And, an update on Circle trimming its workforce and ending certain "non-core" activities. See also: Sale of XRP on Exchanges Not Investment Contracts, Court Rules in SEC Case Against Ripple Ripple’s XRP Token Surges 28% After Court Rules XRP Sales Aren’t Investment Contracts Celsius Network’s Alex Mashinsky Is Arrested as SEC, CFTC, FTC Sue Bankrupt Crypto Lender Coinbase Lawyers Argue Biden Student Loans Ruling Aids Defense Against SEC Coinbase CEO Brian Armstrong Asks Twitter Followers if Their BofA Accounts Were Closed Because of Crypto Transactions Coinbase Cut to Underweight Ahead of Earnings by Barclays This episode has been edited by senior producer Michele Musso and the executive producer is Jared Schwartz. Our theme song is “Neon Beach.” 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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1:00.1	Stay informed with the latest on Bitcoin, Eith, The Metaverse, Web3, and more.
1:05.6	All on the hash for your ears.
1:08.9	You're listening to the Coin Desk Podcast Network.
1:13.5	Hello and welcome to The Hash on a Thursday afternoon.
1:18.8	I'm Jensen S.C here at Anabaticova and Will Foxley bringing you the latest and greatest
1:24.8	in crypto.
1:26.8	Definitely some big news.
1:28.3	XRP is bouncing on the news, of course, because it's mentioned here.
1:31.8	The judge said that public issuance and selling of XRP may not constitute a security or
1:37.9	unregistered security while the filing and selling of XRP to institutions does constitute an unregistered security.
1:46.8	So we sort of have a slight difference in the case that a lot of people are not expecting.
1:51.5	This may mean that XRP sold on exchanges and just generally, where we can buy XRP,
	...

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