What Next TBD: Is This The Cryptocalypse?

Slate News

Slate Podcasts

News, News Commentary, Politics

4.6 • 6K Ratings

🗓️ 13 November 2022

⏱️ 33 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

The (once) second-largest cryptocurrency exchange, FTX, collapsed in stunning fashion this week, highlighting why consumers really do want regulation, and why old financial institutions remain wary of crypto. Guest: Felix Salmon, host of Slate Money, chief financial correspondent for Axios. Host: Lizzie O’Leary If you enjoy this show, please consider signing up for Slate Plus. Slate Plus members get benefits like zero ads on any Slate podcast, bonus episodes of shows like Slow Burn and Dear Prudence—and you’ll be supporting the work we do here on What Next TBD. Sign up now at slate.com/whatnextplus to help support our work. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	This episode is brought to you by Best Buy.
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0:38.8	Two quick notes before we get started today.
0:41.2	Number one, this is a developing story and things are moving quickly.
0:45.1	And number two, there is quite a bit of salty language in this episode.
0:49.2	So it's probably not appropriate for kids.
0:52.1	Okay here is the show.
1:01.0	Admittedly my first question for slate money host and Axios correspondent Felix Sammon
1:06.0	was a little sweary.
1:07.4	Okay maybe a lot sweary.
1:10.4	When was the last time you saw a CEO tweet the words I fucked up before this week?
1:17.2	I offered to offer someone ahead no I don't remember ever seeing that before.
1:22.7	I mean in this case one who tweeted I fucked up twice.
1:27.4	He's very contrite but then again he has a lot of stuff to be contrite for.
1:32.0	It's a deserved contrition and he's correct he did fuck up.
1:38.1	The he in question is Sam Bankman Fried also known as SBF the now former CEO of the cryptocurrency
	...

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