THE HASH: FTX Execs Donated Money to 196 Legislators; How Will CBDCs Fare in the Future According to Bank of America?
CoinDesk Podcast Network
CoinDesk
4.8 • 689 Ratings
🗓️ 17 January 2023
⏱️ 20 minutes
🧾️ Download transcript
Summary
The most valuable crypto stories for Tuesday, Jan. 17, 2023.
More than one-third of the 535 senators and representatives in the U.S. Congress showed up to the new session with FTX baggage, having received campaign support from one of the senior executives of the fraud-ridden crypto giant. "The Hash" group discusses this, plus, central bank digital currencies (CBDCs) and stablecoins are the natural evolution of money and payments, according to a new Bank of America research report.
See also:
Congress' FTX Problem: 1 in 3 Members Got Cash From Crypto Exchange's Bosses
FTX Debtors Give Details on Digital Assets Identified So Far
BNB Chain Burns Over $575M in BNB Tokens, Binance Confirms
Bank of America Says CBDCs Are the Future of Money and Payments
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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| 0:00.0 | This is the hash podcast. |
| 0:10.2 | Stay informed with the latest on Bitcoin, ETH, the Metaverse, Web3, and more with stories that matter to the crypto world. |
| 0:17.5 | All on the hash for your ears. |
| 0:21.0 | You're listening to the Coin Desk Podcast Network. |
| 0:25.1 | Hey guys, it's the hash. It's Three Box Tuesday. I'm Zach. That's Wendy O. We got Will. |
| 0:30.4 | We're here to get you up to speed on what's going on in the world of crypto news. That's what we do on |
| 0:34.1 | the hash. It's fun. I'm glad we're here. Let's do it. Will, |
| 0:37.6 | I think you're starting us off. Big time political spending. Some new data. Interesting stuff. |
| 0:44.1 | What do you got? It's just me where it's a three box. Just super intimidating. It's just the |
| 0:48.0 | three of us. Four is comfy. Four of us is comfy. Miss Jen. Okay, let's talk about SBF. Apparently, a lot of people in Washington, D.C. |
| 0:55.1 | have been taking cash from FtX. Of course, they thought it was legal at the time. But right now, |
| 0:59.2 | in the midst of Chapter 11 bankruptcy filings, it's not great place to be. According to CoinDesk's own |
| 1:04.9 | running of the numbers, about 196 members of the new Congress, including senators and congressmen |
| 1:09.6 | themselves, have taken cash from SBF in various amounts of, you know, including senators and congressmen themselves, have taken cash |
| 1:11.7 | from SBF in various amounts of, you know, from $2,000 all the way up. And now everyone's looking at |
| 1:17.4 | and being like, hey, what are we going to do with this money? According to different lawyers and |
| 1:21.7 | bankruptcy experts that CoinDiscope has spoken with, you do have to give this money back, quote, |
| 1:27.1 | even if you're Mother Teresa. |
| 1:28.9 | This is a pretty different angle than we've seen on a lot of the other stories about SPF, |
| 1:32.9 | because this has direct ties to people who are just elected to our democracy. |
| 1:36.8 | And they're, of course, looking into these numbers themselves being like, do I need to give this |
| 1:40.0 | money back? A lot of them have opted to give the money back or I've donated to charity. |
... |
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