THE HASH: Headlines - Top Stories of the Week 04-17-23

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CoinDesk

Business News, Daily News, News, Tech News

4.7 • 698 Ratings

🗓️ 22 April 2023

⏱️ 24 minutes

🔗️ Recording | iTunes | RSS

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Summary

This episode is sponsored by Filecoin Foundation. A roundup of the week’s most valuable crypto stories for Saturday, April 22, 2023. Missed any episodes of “The Hash” this week? Today’s recap episode will get you caught up. “Hash Headlines” rounds up this week’s headline stories, including: SEC Sues Bittrex SEC Chair Gensler Grilled Over Crypto Policy Intel Kills Its Bitcoin Mining Chip Coinbase Obtains License to Operate in Bermuda Links to the headlines: Crypto Exchange Bittrex Violated Federal Laws, SEC Charges in Lawsuit SEC Warned Bittrex of Legal Action Before Firm Announced U.S. Exit: WSJ Congressional Republicans Criticize SEC Chair Gary Gensler's Crypto Approach Ahead of Hearing Intel Discontinues Bitcoin Mining Chip Series Crypto Exchange Coinbase Receives License to Operate in Bermuda Coinbase Could Move Away From U.S. if No Regulatory Clarity: CEO Brian Armstrong -- Connect with the Filecoin community at the Filecoin Network Base in Austin, April 24-26, ahead of Consensus 2023. Register today at networkbase.io/austin. And find us on the Consensus show floor in the Protocol Village, presented by Filecoin Foundation. See you in Austin! - This episode has been edited by Jonas Huck. The senior producer is Michele Musso and the executive producer is Jared Schwartz. Our theme song is “Neon Beach.” - Join the most important conversation in crypto and Web3 at Consensus 2023, happening April 26-28 in Austin, Texas. Come and immerse yourself in all that Web3, crypto, blockchain and the metaverse have to offer. Use code THEHASH to get 15% off your pass. Visit coindesk.com/consensus. 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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0:00.0	This episode is sponsored by Filecoin Foundation.
0:07.2	You're listening to the Hash Headlines on the CoinDest Podcast Network.
0:12.4	Get caught up on this week's top stories from the Hash crew.
0:18.0	And just a reminder, CoinDesk is a news source and does not provide investment advice.
0:27.4	Monday's top story.
0:29.9	Okay, we're going to the SEC land.
0:31.8	Gary Gensler strikes again.
0:34.1	This time, BitTrex and BitTreex Global are being noticed from the SEC sued for operating
0:40.0	as an unregistered security broker in clearing agency. It's according to a press release from the
0:44.6	Securities Exchange Commission as of this morning. And a quote, Gary Gensler said,
0:48.4	today's action yet again makes plain that the crypto market suffer from a lack of regulatory
0:53.1	compliance, not a lack of regulatory compliance, not a lack of
0:54.8	regulatory clarity. As a legend, our complaint, Bitrecks and issuers worked with knew the rules
0:59.5	that applied to them, but went to great lengths to evade them by directing issuer applicants
1:02.9	to scrub offering materials of information indicating that certain crypto assets were securities.
1:08.5	I got to give this one to a resident legal expert on the show.
1:11.7	Jen, what do you make of this?
1:13.2	We've seen as SQL after Coinbase or the Wells Notice.
1:16.3	Lots of crypto projects are going under the gun of the SEC.
1:19.2	What should take on BitTrex?
1:20.6	Well, my first question is, how can we be compliant if the rules are not clear?
1:25.6	We are in this vicious, vicious cycle, and the way to fix it is through clear regulation,
	...

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