THE HASH: U.S. Government Wants Binance.US' $1B Buy of Voyager Halted; The Debate Over Why Signature Bank Was Seized and More
CoinDesk Podcast Network
CoinDesk
4.8 • 689 Ratings
🗓️ 15 March 2023
⏱️ 24 minutes
🧾️ Download transcript
Summary
The most valuable crypto stories for Wednesday, March 15, 2023.
"The Hash" tackles today's hot topics: Morgan Stanley says bitcoin is trading as a speculative asset, not as a currency. The U.S. government filed a motion to put a hold on Binance.US' $1 billion bid to buy bankrupt crypto lender Voyager Digital. An Alameda Research-linked wallet sent $100 million of stablecoins to crypto trading firms. Plus, did regulators seize Signature Bank because of its link to crypto?
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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.”
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Transcript
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| 0:00.0 | This is the hash podcast. |
| 0:10.2 | Stay informed with the latest on Bitcoin, Eith, the Metaverse, Web3, and more. |
| 0:15.4 | All on the hash for your ears. |
| 0:18.9 | You're listening to the Coin Desk Podcast Network. |
| 0:23.1 | Hey there, welcome to Coin Desk TV. |
| 0:25.2 | You are watching The Hash. |
| 0:26.5 | I am Zach Seward. |
| 0:27.4 | That's Jen Sanassi and Will Foxley. |
| 0:29.6 | There is so much going on in the world of crypto, as always, |
| 0:33.1 | and we're here to get you up to speed. |
| 0:35.3 | I'm tossing it to Jen for some news about the Voyager. |
| 0:38.5 | Finance deal. What do you got? Okay. So the Department of Justice is saying that that deal |
| 0:43.8 | should be put on hold while legal objections are ironed out. In a filing on Tuesday, the U.S. |
| 0:49.8 | trustee expressed concerns that the deal would absolve Voyager and its staff from breaches of tax or security |
| 0:56.0 | law. Last week, New York bankruptcy judge Michael Wiles approved the deal after showing skepticism |
| 1:01.8 | towards the government's arguments. Now, Zach, I'm going to throw this one off to you. |
| 1:07.3 | I know you've said on the show before that exchange tokens maybe should be looked at as a |
| 1:13.3 | security. And that's one of the issues that's come up in this kind of back and forth between |
| 1:17.5 | regulators and the bankruptcy court. So my question to you is, do you think that this should be on hold |
| 1:23.0 | while the regulators figure this out? Or is this just like process gone wildly wrong? |
| 1:29.1 | I mean, that would take a long time for the regulators to figure it out. So I would not advise |
| 1:32.4 | that it should wait until then. I mean, the DOJ would say this, right? Like, |
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