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

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4.8 • 689 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.

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

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This episode has been edited by senior producer Michele Musso and the executive producer is Jared Schwartz. Our theme song is “Neon Beach.”

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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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