Twitter’s Tip Jar & SEC’s New Chair Gary Gensler on Elon Musk, Bitcoin, & GameStop

Squawk Pod

CNBC

News, Investing, Business, Business News

4 • 494 Ratings

🗓️ 7 May 2021

⏱️ 37 minutes

🔗️ Recording | iTunes | RSS

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Summary

In his first major interview as Chair of the Securities and Exchange Commission, Gary Gensler discusses his approach to bitcoin, the GameStop volatility, and the Archegos scandal. He identifies gaps in America’s regulatory ecosystem and emphasizes freshening the SEC’s rules to handle modern technology. While Elon Musk preps for the Saturday Night Live stage this weekend, Gensler shares his own view of media and celebrity roles in the markets. Plus, Twitter has introduced a new Tip Jar feature, and the Squawk Box anchors swap strategies to up engagement--and repair relationships with the new offering.

Transcript

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0:00.0	This is Squawk Pod. I'm CNVC producer Cameron Costa. Today on our
0:06.3	podcast A Status Update for America's Job Economy. spoiler, it's not the great news our economists were expecting.
0:15.3	It looks like it was a big disappointment.
0:17.1	What do you think happened?
0:18.8	The first big interview with Wall Street's top regulator, the new chair of the SEC Gary Gensler on
0:25.8	Game Stop, Elon Musk, and keeping up with the Times.
0:29.4	Every decade we get new technologies.
0:31.5	There were debates a hundred years ago whether to allow a telephone
0:35.2	on the floor of the New York Stock Exchange and here we're in the 20-20s.
0:38.7	And Gensler on new guardrails for crypto and Bitcoin investing.
0:43.3	I think that we need greater investor protection there.
0:46.2	And we don't have a federal regime overseeing the crypto exchanges.
0:51.0	And that's a gap in our system right now.
0:53.0	Those stories plus Twitter is spreading the wealth and we're taking stock of our own
0:59.1	tip jar.
1:00.1	Set up your Venmo account.
1:01.6	I will tip you. Do you believe that? He thinks I have a Venmo account. I will tip you.
1:02.6	Can you believe that?
1:04.1	He thinks I have a Venmo account.
1:06.3	It's Friday, May 7, 2021.
1:09.0	Squackpad begins right now.
1:11.8	Good morning morning everybody.
	...

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