What’s behind the SEC’s crypto lawsuits?

Marketplace

News, Business

4.6 • 8.5K Ratings

🗓️ 6 June 2023

⏱️ 27 minutes

🔗️ Recording | iTunes | RSS

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Summary

The Securities and Exchange Commission has sued two crypto exchanges, Coinbase and Binance. The cases pose an existential question: Are cryptocurrencies like securities, commodities or something else? The answer would dictate how crypto is regulated and could have far-reaching ripple effects. Also on the program: the closed IPO window, accolades for Indigenous cuisine and the entrepreneurial drive among immigrant women.

Transcript

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0:25.3	Another day, another crypto lawsuit.
0:28.2	And how far people will fly for birds?
0:31.3	From American public media, this is Marketplace.
0:34.5	[♪ OUTRO MUSIC PLAYING [♪
0:43.2	In Los Angeles, I'm Kimberly Adams in for Chi-Rizdal.
0:46.5	It's Tuesday, June 6th. Good to have you along.
0:49.5	Just one day after suing cryptocurrency trading giant Binance,
0:54.2	the Securities and Exchange Commission today
0:56.5	sued another company.
0:58.0	Coinbase.
0:59.1	The crypto exchange is accused of trading cryptocurrencies.
1:03.0	The SEC says should be registered as securities.
	...

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