The SEC is going 'Elmer Fudd' on crypto

Wall Street Unplugged - What's Really Moving These Markets

Frank Curzio

Business, News, Commodities, Debt, Investing, Macroeconomics, Gold, Personal, Uranium, Oil, Economics, Business News, Geopolitics, Industry, Crypto, Stocks, Curzio, Trading, Finance, Research, Investments, Tokens, Talk, Crisis

4.5 • 1.1K Ratings

🗓️ 7 June 2023

⏱️ 31 minutes

🔗️ Recording | iTunes | RSS

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Summary

Frank is at an industry meeting this week—leaving me, Daniel, behind the mic. Over the past two days, the Securities and Exchange Commission (SEC) declared war on crypto exchanges Binance (BNB) and Coinbase (COIN). I break down why the SEC has gone full “Elmer Fudd” on crypto… why investors should expect more strong-arming from regulators… and how I’d play the crypto space over the short and long term. The PGA Tour shocked (and angered) the sports world this week when it announced it’s merging with LIV Golf. Before joining forces, the two rival organizations were engaged in a war of words—including accusations of terrorism—and antitrust lawsuits. I highlight the lesson everyone should learn from this ugly situation… and a stock that will profit from the merger. And finally, as a non-tech-savvy 37-year-old, I share my perspective on Apple’s new headset, the Vision Pro. In this episode The SEC is going “Elmer Fudd” on crypto [1:30] The political theater of the SEC’s crypto crackdown [8:00] Why the PGA/LIV merger is shaking the sports world [15:20] Apple’s new headset is a success story in the making [22:05] Enjoyed this episode? Get Wall Street Unplugged delivered FREE to your inbox each week: www.curzioresearch.com/wall-street-unplugged/ Wall Street Unplugged podcast is available at: --iTunes: itunes.apple.com/us/podcast/wall-street-unplugged-frank/ --Stitcher: www.stitcher.com/podcast/curzio-research/wall-street-unplugged-2 --Website: www.curzioresearch.com/category/podcast/wall-street-unplugged/ Twitter: twitter.com/frankcurzio Facebook:. www.facebook.com/CurzioResearch/ Linkedin: www.linkedin.com/in/frank-curzio-690561a7/ Website: www.curzioresearch.com

Transcript

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0:00.0	Wall Street Unplugged looks beyond the regular headlines, heard on mainstream financial
0:06.4	media to bring you unscripted interviews and breaking commentary direct from Wall Street
0:11.5	right to you on Main Street.
0:19.0	How's it going out there?
0:20.6	It's Wednesday, June 7th, and you're listening to the Wall Street Unplugged Podcast.
0:28.1	Normally hosted by the one and only Frank Curzio, but he is traveling today.
0:32.8	He's out on business.
0:35.0	He's up in Baltimore, Wheeling and Dealing, planning the future of Curzio Research.
0:41.8	And that leaves me, Daniel Creech, Curzio Research Analyst here behind the mic to fill in,
0:46.6	on Wall Street Unplugged Glad you have joined us.
0:50.6	The SEC goes full Elmer Fud on crypto.
0:54.5	New rivals make a right and are now teaming up to be in love once again, and I'm shocked
0:58.7	that it's getting so much publicity across financial markets, get into that in just a
1:03.8	moment.
1:04.8	And Apple, the mighty Apple has released its newest product in about a decade.
1:10.8	And I will opine on that because as a non-tech 37-year-old, I am perfect.
1:15.6	It's like getting parenting advice.
1:17.3	I have no children.
1:18.3	I'm not a big fan of children.
1:19.3	I don't want any of my own.
1:20.3	I just like other people's teach their own.
1:23.8	But I will give some feedback on Apple and what I think of that.
	...

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