The SEC’s crypto crackdown
FT News Briefing
Forhecz Topher
4.4 • 1.3K Ratings
🗓️ 16 February 2023
⏱️ 10 minutes
🧾️ Download transcript
Summary
World Bank president David Malpass will step down from his post at the end of June, US authorities have begun the year looking to further crack down on crypto companies, and Nicola Sturgeon announced her resignation as Scotland’s first minister after a backlash over her strategy for securing independence.
Mentioned in this podcast:
World Bank president David Malpass to step down in June
US crackdown turns up the heat on crypto market
Nicola Sturgeon quits as Scotland’s first minister
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The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
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Transcript
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| 0:00.0 | The FT News Briefing is supported by Equinole, the UK's energy partner. |
| 0:06.3 | Learn more at equinole.co.uk |
| 0:10.2 | Good morning from the Financial Times. |
| 0:11.8 | Today is Thursday, February 16th. |
| 0:14.1 | And this is your FT News Briefing. |
| 0:18.5 | The World Bank needs a new president and Scotland is looking for a new leader too. |
| 0:24.9 | Plus, US regulators are turning up the heat on crypto. |
| 0:29.1 | And I think many in the industry now feel that the United States is seeking to ring fence |
| 0:34.7 | its own financial system and isolate crypto. |
| 0:37.3 | I'm Mark Filipino and here's the news you need to start your day. |
| 0:48.4 | The World Bank yesterday announced that President David Malpass will step down at the end of June |
| 0:54.1 | that's nearly a year before his term expires. |
| 0:57.5 | Malpass was appointed by former US President Donald Trump. |
| 1:01.5 | And Malpass told the board he's leaving to pursue new challenges. |
| 1:05.4 | I'm joined now by the FT's climate reporter in Washington, Amy Williams. |
| 1:09.5 | Hi Amy. Hi. So Amy, do we have a sense of why Malpass is stepping down? |
| 1:16.0 | Well, Malpass has been under a ton of pressure for quite a while now over the banks |
| 1:22.6 | perceived lack of progress on climate change issues. |
| 1:26.0 | So a lot of governments see the World Bank, which has a lot of money to lend to developing countries |
| 1:32.0 | as part of the solution to climate change. |
| 1:34.8 | They want the bank to focus more on lending money to countries who want to transition their |
| 1:40.1 | energy systems to clean energy away from coal and oil and gas and also to set up projects that |
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