THE HASH: Lawmakers Scrutinize Crypto Industry in Senate Banking Committee Hearing on FTX Collapse

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News, Tech News, Daily News, Business News

4.7 • 698 Ratings

🗓️ 14 December 2022

⏱️ 27 minutes

🔗️ Recording | iTunes | RSS

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Summary

This episode is sponsored by Bitstamp and the Galaxy Brains Podcast. The most valuable crypto stories for Wednesday, Dec. 14, 2022. The Hash hosts dive into today's top headlines. On Capitol Hill, senators are zooming in on FTX's collapse and the fallout for retail investors. Binance's CZ is warning staff of "turbulent times" ahead, according to an internal memo. And, Senators Elizabeth Warren (D-Mass.) and Roger Marshall (R-Kan.) are introducing a bill to crack down on money laundering and financing of terrorists and rogue nations via cryptocurrency. See also: Binance CEO Changpeng 'CZ' Zhao Warns Staff of Turbulent Times US Senators Warren, Marshall Introduce Digital Assets Anti-Money Laundering Bill Demonizing Crypto Industry After FTX Collapse 'Fundamentally Unfair:' US Congressman This episode has been edited by Michele Musso. Our executive producer is Jared Schwartz. Our theme song is “Neon Beach.” - Bitstamp is the longest-running crypto exchange and was recently rated #1 in the world by CryptoCompare. Regulation, transparency, and security are pillars that ensure customers' funds are safe; it’s the Bitstamp way. Learn more about how your crypto is always yours at bitstamp.net. - Galaxy Brains: Whether it’s breaking down market volatility or analyzing the latest development, come for the latest market insights from our in-house trading professionals and renowned experts from across the industry. Stay for the occasional rap from host Alex Thorn. Check out the latest episodes here: https://www.galaxy.com/research/podcasts/galaxy-brains/?utm_source=Hash&utm_medium=podcast&utm_id=CoinDesk 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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0:43.9	Wondery, UK. That's audible.com slash Wondery UK.
0:49.6	This episode of The HASH is sponsored by BitStamp and the Galaxy Brains podcast.
1:02.4	This is the HASH podcast. Stay informed with the latest on Bitcoin, ETH, the Metaverse, Web3, and more with stories that matter to the crypto world,
1:12.4	all on the hash for your ears.
1:15.9	You're listening to the Coin Desk podcast network.
1:20.9	Hello and welcome to CoinDest TV.
1:23.6	I'm Zach Seward.
1:24.5	I am joined by Wendy O, Jen Sanasi, and Will Foxley. We are the hash coming to you
1:29.5	live on your favorite video streaming platform. Good to be here. Now, it's day two of FtX collapse
1:36.5	conversation on Capitol Hill. This time Senate Banking Committee is holding a hearing. You're looking
1:42.4	at a live shot of that conversation right now.
1:46.5	Now, yesterday we saw the House do something similar. We're hearing more from key U.S. lawmakers.
1:52.6	And starting us off on that story of the day is Wendy O. Wendy.
	...

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