THE HASH: SEC Gensler Says U.S. Doesn’t ‘Need More Digital Currency’; Apple Releases Mixed-Reality Headset

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4.7 • 698 Ratings

🗓️ 6 June 2023

⏱️ 25 minutes

🔗️ Recording | iTunes | RSS

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Summary

This episode is sponsored by PayPal. The most valuable crypto stories for Tuesday, June 6, 2023. "The Hash" tackles today's hot topics: SEC chief Gary Gensler says the U.S. doesn’t need any more digital currency as his agency sues Binance and Coinbase for operating unregistered securities exchanges. Altcoins listed in the SEC's lawsuit against Coinbase are tanking. Apple unveiled its first mixed-reality headset 'Vision Pro.' Life insurance company Meanwhile Insurance Bitcoin (Bermuda) said it raised $19 million to develop an artificial-intelligence (AI) aided bitcoin (BTC)-denominated policy as it eyes an economy developing around the largest cryptocurrency. See also: U.S. Doesn't 'Need More Digital Currency' Because It Has the Dollar, Says SEC's Gensler SEC Sues Coinbase on Unregistered Securities Exchange Allegations Coinbase Traders Withdraw $600M in a Day Amid SEC Lawsuits Coinbase Shares Slump After SEC Files Suit Against Company Altcoins Dip Following Second SEC Lawsuit Against Crypto Exchange Apple's New Headset Could Change the Way We Design the Metaverse Bitcoin-Denominated Life Insurance Provider Sets Up Shop With $19M Funding PayPal provides a secure and convenient platform for converting dollars into crypto. Start exploring new web3 applications with peace of mind knowing that PayPal has your back. Buy, Sell, Hodl, Transfer, Send, and Checkout with Crypto. All with PayPal. Get started today at PayPal.com/crypto. - 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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0:00.0	This episode of The HASH is sponsored by PayPal.
0:10.6	This is the HASH podcast.
0:13.2	Stay informed with the latest on Bitcoin, ETH, The Metaverse, Web3, and more.
0:18.5	All on the Hash for your ears.
0:22.0	You're listening to the Coin Desk Podcast Network.
0:26.3	Welcome to the Hash here on Coin Desk TV and the Coin Desk Podcast Network.
0:30.6	I'm Zach Seward.
0:31.3	We got Will Foxley.
0:32.1	We got Jen Sanassie.
0:33.4	We got another major bombshell in the world of US crypto regulation.
0:39.3	Let's talk about it, starting off the show with some fresh news.
0:43.2	SEC Sue's Coinbase.
0:45.2	This was anticipated following news of the Wells notice being issued to the US crypto exchange.
0:51.3	But now we see it.
0:52.5	And now we know that the SEC is trying to tackle
0:55.2	Coinbase for allegedly being an unregistered securities exchange. This is one day after
1:01.2	similar action against Binance. A bit different in tone, I would say, but certainly the substance
1:06.5	of the complaint is very similar. The SEC now officially going after Coinbase as well.
1:13.8	Very wild, very wild two days in the crypto markets to see this as a quick one-two punch
1:19.0	from Gary Gensler's SEC.
1:21.5	I'm going to throw us to Will.
1:23.0	What do you think?
	...

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