THE HASH: Metaverse Token Gamium Surges; Robinhood Received Crypto-Related Subpoena Request From SEC

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Business News, Daily News, News, Tech News

4.7 • 698 Ratings

🗓️ 28 February 2023

⏱️ 25 minutes

🔗️ Recording | iTunes | RSS

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Summary

The most valuable crypto stories for Tuesday, Feb. 28, 2023. "The Hash" panel discusses the top headlines shaping the crypto industry today, including a closer look at why metaverse project Gamium’s native token GMM is climbing after the project announced deals with social-media giant Meta Platforms and telecommunications firm Telefonica. Separately, a 10-K filing reveals that Robinhood Markets received an investigative subpoena from the U.S. Securities and Exchange Commission regarding its crypto operations shortly after the FTX crypto exchange filed for bankruptcy protection in November. See also: Metaverse Token Gamium Surges 340% After Meta and Telefonica Partnership Announcement Robinhood Received Crypto-Related Subpoena Request From SEC: 10K Former FTX Engineering Director Nishad Singh Pleads Guilty to Criminal Charges: Reuters - This episode has been edited by Ryan Huntington. The senior producer is Michele Musso and the executive producer is Jared Schwartz. Our theme song is “Neon Beach.” - Are you building the next big thing in Web3? Apply to pitch your project live on stage at the CoinDesk Pitchfest Powered by Google Cloud at Consensus, the industry’s most influential event happening April 26-28 in Austin, Texas. Apply by March 31 for a chance to be among the twelve finalists selected to pitch. Visit consensus.coindesk.com/pitchfest for more information. 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 is the hash podcast.
0:11.3	Stay informed with the latest on Bitcoin, ETH, the Metaverse, Web3, and more with stories that matter to the crypto world.
0:18.5	All on the hash for your ears.
0:22.1	You're listening to the Coin Desk Podcast Network.
0:26.0	Hey, everyone, happy Taco Tuesday. You are watching The Hash on Coin Desk TV. And if you're
0:32.1	listening to us, you're listening on the Coin Desk Podcast Network. I'm Jen Sanasi on today's show.
0:36.7	We got George Calutis, Wendio, and Ben Shiller looking spiffy in that studio, Ben.
0:43.9	You got our first story, I think rightfully so, given that amazing studio look you have.
0:49.1	So what do you got for us?
0:50.8	Thank you very much, Jen.
0:51.8	Good to be here.
0:52.6	Yeah, so I'm going to start off with a story that
0:55.1	actually published yesterday in the New York Magazine. It was a story involving an interview
1:00.4	with Gary Gensler, who of course is the chair of the SEC. And he repeated a statement in that
1:05.6	interview that I think is important to reiterate, which is that he thinks that every token outside of Bitcoin
1:12.7	is basically a security.
1:14.6	And this is an important point to make, although it comes across as a bit of a surprise.
1:19.0	And it's basically something that he's been saying for a number of months, which the industry
1:23.5	has failed to really recognize, I think, properly.
1:26.7	And that's that when you have an expectation of a return around a token, you can have a right
1:31.9	to say that that's a security.
1:33.9	And that's what he repeats in the interview.
	...

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