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This week on Byte-Sized Insight, we're heading to Capitol Hill, where US lawmakers are finally making moves on crypto regulation. From the Senate advancing the GENIUS Act — a major step toward federal stablecoin rules — to the reintroduction of the Blockchain Regulatory Certainty Act, which could protect developers from outdated licensing laws, crypto is a hot topic this week in Washington.Host Savannah Fortis breaks it all down, with expert insight from Rashan Colbert, director of US policy at the Crypto Council for Innovation. (00:35) Stablecoins and blockchain bills hit the Senate floor(02:15) Unpacking the GENIUS Act and the Senate's advancement(04:14) Does the GENIUS Act address industry concerns? (05:33) Bipartisan support for crypto regulations (08:08) Unpacking the Blockchain Regulatory Certainty Act(09:58) Trump's crypto involvement causes Democrats to hesitate(12:15) What to watch out for next and how to stay activeThis episode was hosted and produced by Savannah Fortis, @savannah_fortis.Follow Cointelegraph on X @Cointelegraph.Check out Cointelegraph at cointelegraph.com.If you like what you heard, rate us and leave a review!The views, thoughts and opinions expressed in this podcast are its participants' alone and do not necessarily reflect or represent the views and opinions of Cointelegraph. This podcast (and any related content) is for entertainment purposes only and does not constitute financial advice, nor should it be taken as such. Everyone must do their own research and make their own decisions. The podcast's participants may or may not own any of the assets mentioned.
Bitcoin is up 1% at $79,812 Eth is up half a percent at $1,577 XRP, is down 2% at $1.94 DOJ to shutter crypto crime task force. CZ joins Pakistan's Crypto Council. DHS faces lawsuit over identity of Satoshi. WLFI proposes airdrop. SEC to hold crypto roundtable. Justin Sun invites legal dispute. Nigeria high court wants $79B from Binance. Learn more about your ad choices. Visit megaphone.fm/adchoices
In this compelling episode of Public Key, Eitan Danon (Content Marketing Manager, Chainalysis) speaks with Yaya Fanusie (Director of Policy for AML & Cyber Risk, Crypto Council for Innovation) to discuss the multifaceted dynamics of cryptocurrencies and their implications for national security, illicit finance and global policymaking. Yaya leverages his rich background in intelligence analysis to emphasize the widespread impact of blockchain technology on economic security and policy, including the response of various governments to blockchain and illicit finance and the integration of innovative technologies in mitigating financial crime. Listeners will gain an in-depth understanding of strategies from countries like Iran and China and how digital assets are reshaping the geopolitical landscape and creating modern day conflict zones. Minute-by-minute episode breakdown 2 | Yaya's journey From CIA analyst to crypto and illicit finance expert 6 | How crypto has evolved in the world of National Security and illicit finance 13 | Balancing innovation and regulation in crypto ecosystem 18 | China's digital currency strategy and Its geopolitical implications 23 | Data as the new electricity and currency in a digital economy 26 | Crypto's impact on traditional finance and regulatory challenges 29 | Digital Asset's dual role in conflict zones: Aid and illicit use 34 | Exploring financial crime and spy thrillers podcasts Related resources Check out more resources provided by Chainalysis that perfectly complement this episode of the Public Key. Website: The Premier Global Alliance Advancing Crypto Innovation Guide: Crypto Council for Innovation: Crypto Illicit Finance Risk Management Guide Podcast: The Jabbari Lincoln Files: A Spy Thriller Podcast Created by a Former CIA Officer Podcast: Illicit Edge: Breaking News for Financial Crime Professionals Report: The Chainalysis 2025 Crypto Crime Report (Download Your Copy Today) Blog: United States DOJ and FBI Seize Cryptocurrency in Major Disruption of Hamas Terrorist Financing Scheme Blog: What is Authorized Push Payment (APP) Fraud? Understanding Crypto-Related Scams & Prevention YouTube: Chainalysis YouTube page Twitter: Chainalysis Twitter: Building trust in blockchain Speakers on today's episode Eitan Danon *Host* (Content Marketing Manager, Chainalysis) Yaya Fanusie (Director of Policy for AML & Cyber Risk, Crypto Council for Innovation) This website may contain links to third-party sites that are not under the control of Chainalysis, Inc. or its affiliates (collectively “Chainalysis”). Access to such information does not imply association with, endorsement of, approval of, or recommendation by Chainalysis of the site or its operators, and Chainalysis is not responsible for the products, services, or other content hosted therein. Our podcasts are for informational purposes only, and are not intended to provide legal, tax, financial, or investment advice. Listeners should consult their own advisors before making these types of decisions. Chainalysis has no responsibility or liability for any decision made or any other acts or omissions in connection with your use of this material. Chainalysis does not guarantee or warrant the accuracy, completeness, timeliness, suitability or validity of the information in any particular podcast and will not be responsible for any claim attributable to errors, omissions, or other inaccuracies of any part of such material. Unless stated otherwise, reference to any specific product or entity does not constitute an endorsement or recommendation by Chainalysis. The views expressed by guests are their own and their appearance on the program does not imply an endorsement of them or any entity they represent. Views and opinions expressed by Chainalysis employees are those of the employees and do not necessarily reflect the views of the company.
The Canadian Bitcoiners Podcast - Bitcoin News With a Canadian Spin
FRIENDS AND ENEMIESThe Liberals elected MARK CARNEY, the EU plans to launch a CBDC in Oct 2025, Ontario tacks on tariffs, the digital asset summit has Bitcoiners riled up. and MUCH MORE on the docket this week. We'll dive into all the latest and greatest in Bitcoin and Canadian news, see you then!-----------------------------------------------Join us for some QUALITY Bitcoin and economics talk, with a Canadian focus, every Monday at 7 PM EST. From a couple of Canucks who like to talk about how Bitcoin will impact Canada. As always, none of the info is financial advice. Website: www.CanadianBitcoiners.comDiscord: / discord A part of the CBP Media Network: www.twitter.com/CBPMediaNetworkThis show is sponsored by: easyDNS - www.easydns.com EasyDNS is the best spot for Anycast DNS, domain name registrations, web and email services. They are fast, reliable and privacy focused. You can even pay for your services with Bitcoin! Apply coupon code 'CBPMEDIA' for 50% off initial purchase Bull Bitcoin - https://mission.bullbitcoin.com/cbp The CBP recommends Bull Bitcoin for all your BTC needs. There's never been a quicker, simpler, way to acquire Bitcoin. Use the link above for $20 bones, and take advantage of all Bull Bitcoin has to offer.
Welcome to The Chopping Block – where crypto insiders Haseeb Qureshi, Tom Schmidt, Tarun Chitra, and Robert Leshner break down the biggest stories in crypto. This week, we're joined by special guest Laura Shin to dissect Trump's Strategic Crypto Reserve fiasco. Why did he name-drop XRP and Cardano first? Was this real policy or just a market pump? Meanwhile, Crypto Twitter is melting down over Trump's crypto summit guest list—who made the cut, and who got snubbed? Plus, another SEC lawsuit bites the dust, and memecoins look deader than ever. Let's get into it. Show highlights
Welcome to The Chopping Block – where crypto insiders Haseeb Qureshi, Tom Schmidt, Tarun Chitra, and Robert Leshner break down the biggest stories in crypto. This week, we're joined by special guest Laura Shin to dissect Trump's Strategic Crypto Reserve fiasco. Why did he name-drop XRP and Cardano first? Was this real policy or just a market pump? Meanwhile, Crypto Twitter is melting down over Trump's crypto summit guest list—who made the cut, and who got snubbed? Plus, another SEC lawsuit bites the dust, and memecoins look deader than ever. Let's get into it. Show highlights
Gm! This week we're joined by David Bailey for a discussion on the current state of the Bitcoin market. We deep dive into David's background building one of the largest Bitcoin media & events companies in the world, working with the Trump campaign, the 2025 corporate Bitcoin strategy, the outlook for a strategic reserve & so much more. Enjoy! -- Start your day with crypto news, analysis and data from Katherine Ross and David Canellis. Subscribe to the Empire newsletter: https://blockworks.co/newsletter/empire?utm_source=podcasts Follow David: https://x.com/DavidFBailey Follow Jason: https://twitter.com/JasonYanowitz Follow Empire: https://twitter.com/theempirepod Get top market insights and the latest in crypto news. Subscribe to Blockworks Daily Newsletter: https://blockworks.co/newsletter/ -- GEODNET's native token, GEOD, can be easily mined with a GEODNET Satellite Miner, presenting a unique opportunity to generate passive income. By setting up a GEODNET base station, you can join this groundbreaking Web3 ecosystem that is powering the future of AI and robotics. Join the revolution today and learn more at https://geodnet.com. -- Unichain is a fast, decentralized L2 that's built to be the home for DeFi and liquidity across chains. To stay updated on news including the upcoming launch of Unichain, visit www.Unichain.org or follow @Unichain on X. -- Petra Earn was designed to make DeFi more accessible for everyone—from seasoned pros to DeFi beginners. Manage your balance, claim rewards and deposit directly from the app. By supplying USDT to Aries lending pools, users have the potential to earn a higher yield compared to some traditional methods. Not financial advice. Participating in Defi carries risks. To learn more visit petra.app/earn -- Get up to speed on the biggest stories in crypto each week. In five minutes. Get the Bitwise Weekly CIO Memo delivered directly to your inbox at bitwiseinvestments.com/ciomemo/empire -- AO Mainnet is LIVE! Experience the future of decentralized computing: infinite parallel processing, secure TEE-powered computations, and LLMs in smart contracts. Built on Arweave, AO's modular design shatters scalability limits. 100% of tokens are distributed to Arweave holders and bridge depositors, with a fixed supply and halving. Explore AO today: https://ao.arweave.dev -- Timestamps: (00:00) Introduction (00:57) David's Origin Story (14:17) Sponsors (Geodnet & Uniswap) (15:13) The Bitcoin Conference (25:41) The Trump Bitcoin Journey (35:16) Sponsors (Geodnet & Uniswap) (36:54) The Strategic Bitcoin Reserve (42:24) Strategic Reserve vs Stockpile (46:47) The Crypto Council (49:28) Sponsors (Aptos, Bitwise, Arweave) (51:48) Hyperbitcoinization (55:06) The Bitcoin Strategy (01:13:54) The Four Year Cycle (01:17:06) David's Opinion On Crypto (01:26:12) The Path To $1 Million Bitcoin -- Disclaimer: Nothing said on Empire is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only, and any views expressed by anyone on the show are solely our opinions, not financial advice. Santiago, Jason, and our guests may hold positions in the companies, funds, or projects discussed.
Crypto News: Cboe BZX Exchange files 19b-4 to list and trade spot XRP ETFs for several issuers. Ripple CEO maybe part of Trump's Crypto Council. Mike Novogratz of Galaxy Digital endorses XRP, emphasizing its standout narrative. The ‘Strategic Bitcoin Reserve' bill has officially PASSED the House in the state of Utah.Show Sponsor -
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⚠️ Disclaimer:This episode was entirely AI-generated using Google's Notebook LM. Please note that Google's Notebook LM has been criticized for being extremely left-leaning and displaying strong bias, which is inappropriate for AI-driven content creation. Listeners are encouraged to remain aware of potential biases and consume information critically. Welcome to The AI Takeover Series! Episode Description:In today's Blockchain DXB Podcast, we dive deep into the recent market movements, driven by the Federal Reserve's FOMC meeting and the subsequent announcements from Fed Chair Jerome Powell. The markets have been experiencing some turbulence, but we strongly believe that this moment signals an opportunity for Bitcoin and cryptocurrency to rise in the long run. Let's unpack everything that's happened and why the mainstream media's coverage may not be telling the full story.
Sheila Warren of the Crypto Council for Innovation discusses Crypto's impact on Democrats and Republicans and politics. Topics:- Crypto's impact on Politics - Crypto4Harris townhall - Ro Khanna's Crypto Roundtables - Kamala Harris' Crypto Policy - Elizabeth Warren and the Fairshake Super Pac - Will Crypto Regulations be passed this year or in 2025?
Sheila Warren, CEO of the Crypto Council for Innovation, delves into how crypto shapes global politics and impacts the upcoming U.S. election. We discuss the challenges and opportunities in crypto regulation and why the U.S. must act quickly to remain a leader in this rapidly evolving industry. Discover what the future holds for Bitcoin, stablecoins, and central bank digital currencies as they become key players on the world stage. Sheila Warren: https://x.com/sheila_warren ►► Sponsored by iTrust Capital Invest in Bitcoin, Crypto Assets & Gold with Your IRA Using iTrust Capital.
Sheila Warren and Justin Slaughter explain why Gensler's days are numbered, how Kamala Harris might do a crypto reset, and why it may not matter that Trump's VP JD Vance is a bona fide bitcoiner.Listen to the episode on Apple Podcasts, Spotify, Pods, Fountain, Podcast Addict, Pocket Casts, Amazon Music, or on your favorite podcast platform.As the 2024 elections approach, crypto voters are a real bloc that could be a deciding factor in what looks to be a tight race. In this episode, Sheila Warren of the Crypto Council for Innovation and Justin Slaughter from Paradigm discuss the significance of Trump appearing at Bitcoin 2024, promising the crypto community pretty much everything on its bucket list, the Democrats' seeming pro-crypto shift behind the scenes, and the game theory around Gary Gensler's future (likely not at the SEC). Plus, they cover the significance (and likelihood of passing) of the Bitcoin Strategic Reserve Bill proposed and to be introduced by Sen. Cynthia Lummis, what would it take for Kamala Harris to show that she truly is a crypto-friendly candidate, and what the Democrats would have to do to undo the damage done by Gensler and win some of the crypto vote. Lastly, they explore the potential impact on the SEC of the Supreme Court's decision to overturn the Chevron doctrine.Show highlights:The significance of a US Presidential candidate, Trump, embracing BitcoinWhat Justin's and Sheila's takes are on the Democrats' sudden shift towards embracing a pro-crypto agenda, and whether they can catch upThe key factor in Trump's shift from giving crypto platitudes to making substantive promises that top the crypto community's wish listHow significant crypto could be in influencing the election, particularly in swing statesWhether Trump would even be able to fire Gary Gensler as SEC Chair, as he has promisedHow the dynamics between Elizabeth Warren and Kamala Harris differ from the relationship Warren has with BidenWhat could happen with the SEC Commissioner if Harris wins the presidencyThe meaning of the Strategic Bitcoin Reserve in the USHow JD Vance's status as a Bitcoin owner could influence crypto voters and whether Harris could pick a pro-crypto VPThe chances the Democratic Party adopts a crypto plank, and what it might includeWhether there's a chance a crypto bill could be passed this yearHow the Supreme Court's recent decision to limit agency power by overturning the Chevron doctrine could impact the SEC's approach to crypto regulationHow Harris can establish a new stance on crypto while distancing herself from Biden's administration, without appearing disloyalVisit our website for breaking news, analysis, op-eds, articles to learn about crypto, and much more: unchainedcrypto.comThank you to our sponsors!PolkadotGuests:Sheila Warren, CEO of Crypto Council for Innovation (CCI) Justin Slaughter, Policy Director at ParadigmUnchained Podcast is Produced by Laura Shin Media, LLC. Distributed by CoinDesk.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
As the 2024 elections approach, crypto voters are a real bloc that could be a deciding factor in what looks to be a tight race. In this episode, Sheila Warren of the Crypto Council for Innovation and Justin Slaughter from Paradigm discuss the significance of Trump appearing at Bitcoin 2024, promising the crypto community pretty much everything on its bucket list, the Democrats' seeming pro-crypto shift behind the scenes, and the game theory around Gary Gensler's future (likely not at the SEC). Plus, they cover the significance (and likelihood of passing) of the Bitcoin Strategic Reserve Bill proposed and to be introduced by Sen. Cynthia Lummis, what would it take for Kamala Harris to show that she truly is a crypto-friendly candidate, and what the Democrats would have to do to undo the damage done by Gensler and win some of the crypto vote. Lastly, they explore the potential impact on the SEC of the Supreme Court's decision to overturn the Chevron doctrine. Show highlights: 00:00 Intro 02:08 The significance of a US Presidential candidate, Trump, embracing Bitcoin 04:59 What Justin's and Sheila's takes are on the Democrats' sudden shift towards embracing a pro-crypto agenda and whether they can catch up 15:03 The key factor in Trump's shift from giving crypto platitudes to making substantive promises that top the crypto community's wish list 20:21 How significant crypto could be in influencing the election, particularly in swing states 23:52 Whether Trump would even be able to fire Gary Gensler as SEC Chair, as he has promised 33:23 How the dynamics between Elizabeth Warren and Kamala Harris differ from the relationship Warren has with Biden 42:48 What could happen with the SEC Commissioner if Harris wins the presidency 50:34 The meaning of the Strategic Bitcoin Reserve in the US 57:55 How JD Vance's status as a Bitcoin owner could influence crypto voters and whether Harris could pick a pro-crypto VP 1:05:43 The chances the Democratic Party adopts a crypto plank, and what it might include 1:09:9 Whether there's a chance a crypto bill could be passed this year 1:14:49 How the Supreme Court's recent decision to limit agency power by overturning the Chevron doctrine could impact the SEC's approach to crypto regulation 1:20:45 How Harris can establish a new stance on crypto while distancing herself from Biden's administration, without appearing disloyal Visit our website for breaking news, analysis, op-eds, articles to learn about crypto, and much more: unchainedcrypto.com Thank you to our sponsors! Polkadot Guests: Sheila Warren, CEO of Crypto Council for Innovation (CCI) Justin Slaughter, Policy Director at Paradigm Learn more about your ad choices. Visit megaphone.fm/adchoices
As the 2024 elections approach, crypto voters are a real bloc that could be a deciding factor in what looks to be a tight race. In this episode, Sheila Warren of the Crypto Council for Innovation and Justin Slaughter from Paradigm discuss the significance of Trump appearing at Bitcoin 2024, promising the crypto community pretty much everything on its bucket list, the Democrats' seeming pro-crypto shift behind the scenes, and the game theory around Gary Gensler's future (likely not at the SEC). Plus, they cover the significance (and likelihood of passing) of the Bitcoin Strategic Reserve Bill proposed and to be introduced by Sen. Cynthia Lummis, what would it take for Kamala Harris to show that she truly is a crypto-friendly candidate, and what the Democrats would have to do to undo the damage done by Gensler and win some of the crypto vote. Lastly, they explore the potential impact on the SEC of the Supreme Court's decision to overturn the Chevron doctrine. Show highlights: 00:00 Intro 02:08 The significance of a US Presidential candidate, Trump, embracing Bitcoin 04:59 What Justin's and Sheila's takes are on the Democrats' sudden shift towards embracing a pro-crypto agenda and whether they can catch up 15:03 The key factor in Trump's shift from giving crypto platitudes to making substantive promises that top the crypto community's wish list 20:21 How significant crypto could be in influencing the election, particularly in swing states 23:52 Whether Trump would even be able to fire Gary Gensler as SEC Chair, as he has promised 33:23 How the dynamics between Elizabeth Warren and Kamala Harris differ from the relationship Warren has with Biden 42:48 What could happen with the SEC Commissioner if Harris wins the presidency 50:34 The meaning of the Strategic Bitcoin Reserve in the US 57:55 How JD Vance's status as a Bitcoin owner could influence crypto voters and whether Harris could pick a pro-crypto VP 1:05:43 The chances the Democratic Party adopts a crypto plank, and what it might include 1:09:9 Whether there's a chance a crypto bill could be passed this year 1:14:49 How the Supreme Court's recent decision to limit agency power by overturning the Chevron doctrine could impact the SEC's approach to crypto regulation 1:20:45 How Harris can establish a new stance on crypto while distancing herself from Biden's administration, without appearing disloyal Visit our website for breaking news, analysis, op-eds, articles to learn about crypto, and much more: unchainedcrypto.com Thank you to our sponsors! Polkadot Guests: Sheila Warren, CEO of Crypto Council for Innovation (CCI) Justin Slaughter, Policy Director at Paradigm Learn more about your ad choices. Visit megaphone.fm/adchoices
Send us a Text Message.Every day the role of crypto policy and regulation becomes increasingly important and as we find ourselves in the middle of an election year, we are reminded of the important role these digital assets play in politics. Sheila Warren, CEO of the Crypto Council for Innovation joins me on the podcast today as we discuss crypto's role in the 2024 presidential election, the shift in perspective we are seeing, the increasing need for education and awareness, and so much more! This week, episode 217 of the Tech Intersect™ Podcast is about crypto's growing impact on political decision-makers!POWERED BY DIGITALMONEYDEMYSTIFIED.COM – Your trusted guide to separate crypto fact from fiction. By now wherever books are sold and on Amazon.Sheila Warren is the inaugural CEO of the Crypto Council for Innovation, the premier global alliance advancing crypto innovation worldwide. She co-hosts “Money Reimagined,” a popular CoinDesk podcast, serves on the Steering Committee of the DeFi Education Fund, and is an early-stage investor across the Web3 ecosystem.Topics Sheila and I go over in this episode include:Policymakers have become more receptive to engaging with reputable crypto actors, but continued education is still crucial. Crypto policy is becoming increasingly important in the upcoming presidential election with lobbying efforts and campaign donations playing a significant role. Educating professionals, particularly lawyers, about blockchain technology and its potential is needed to help them keep ahead of the curve. Emerging technologies at the intersection of crypto and AI could revolutionize data security and decentralized computing models. CONNECT WITH SHEILA AND CCI:Crypto Council for InnovationLinkedIn: Sheila WarrenTwitter: @CryptoCouncil Twitter: @Sheila_WarrenMoney Reimagined PodcastCONNECT WITH DR. TONYA M. EVANS:Follow the Show: Twitter @AtTechIntersect | Instagram @TechIntersectContact, ResExplore more videos, commentary, and join our community at our NEW YouTube Channel @AdvantageEvans – your hub for all things digital innovation!Buzzsprout - Let's get your podcast launched!Start for FREE Start separating crypto fact from fiction today. Get your copy of , Digital Money Demystified, and start learning so you can earn safely, legally and confidently. https://digitalmoneydemystified.comRegulate & The Rabbit Hole by Notty Prod licensed via Creative Commons Attribution-NoDerivatives 4.0 International License. Produced by Tonya M. Evans for Advantage Evans, LLC
Crypto Council for Innovation CEO Sheila Warren breaks down crypto, Web3, and blockchain once and for all. She and Niki discuss crypto's future on Capitol Hill and how it might impact this election season, the critical role blockchain has in making AI more transparent, and why you might already have a Web3 mindset. “Things like authenticity, tracking, accountability, I think, are becoming even more important than they ever were before.” -Sheila WarrenFollow Sheila on Twitter Learn more about CCIRead the Scientific American ArticleConnect with Sheila on LinkedIn Learn More at www.techedup.com Follow us on Instagram Check out video on YouTube Follow Niki on LinkedIn
Post-Consensus 2024 reflections and examining the crypto industry and the implications of the U.S. Presidential election on its future.Now Available | Michael Casey's New Book with Frank H. McCourt, their forthcoming book: Our Biggest Fight: Reclaiming Liberty, Humanity, and Dignity in the Digital AgeIn this episode of "Money Reimagined," host Michael Casey and Sheila Warren reflect on CoinDesk's Consensus 2024 event in Austin, TX. They discuss the influence of the presidential election on the crypto industry and the hurdles of maintaining a nonpartisan stance. The hosts explore the nuances of political connections, the role of subtlety in conversations, and the need for a reasoned approach in an emotionally volatile environment.Chapters | 00:00 Introduction to the Aftermath of Consensus02:58 The Impact of the Presidential Election on the Crypto Industry07:22 Embracing Nuance and Logic in DiscussionsLinks | Consensus 2024 Crypto Council for Innovation CoinDesk.com-Money Reimagined has been produced and edited by senior producer Michele Musso and our executive producer is Jared Schwartz. Our theme song is “The News Tonight ” by Shimmer. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Post-Consensus 2024 reflections and examining the crypto industry and the implications of the U.S. Presidential election on its future.Now Available | Michael Casey's New Book with Frank H. McCourt, their forthcoming book: Our Biggest Fight: Reclaiming Liberty, Humanity, and Dignity in the Digital AgeIn this episode of "Money Reimagined," host Michael Casey and Sheila Warren reflect on CoinDesk's Consensus 2024 event in Austin, TX. They discuss the influence of the presidential election on the crypto industry and the hurdles of maintaining a nonpartisan stance. The hosts explore the nuances of political connections, the role of subtlety in conversations, and the need for a reasoned approach in an emotionally volatile environment.Chapters | 00:00 Introduction to the Aftermath of Consensus02:58 The Impact of the Presidential Election on the Crypto Industry07:22 Embracing Nuance and Logic in DiscussionsLinks | Consensus 2024 Crypto Council for Innovation CoinDesk.com-Money Reimagined has been produced and edited by senior producer Michele Musso and our executive producer is Jared Schwartz. Our theme song is “The News Tonight ” by Shimmer. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
For anyone skeptical about crypto hype, Sheila Warren explains why it is here to stay, and what you might be overlooking. As CEO of the Crypto Council for Innovation, Warren joins Rapid Response to take us inside today's crypto resurgence, in which 1 out of 5 Americans hold crypto in some fashion. Warren shares the story behind Congress' recent bipartisan crypto bill, and how the industry is cracking down on bad actors and get-rich-quick schemes. Plus, how crypto is part of the underlying tech behind a “new internet.” Subscribe to the Rapid Response podcast feed: https://listen.rapidresponseshow.com/SubscribeFor more info, visit: www.rapidresponseshow.comSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
For anyone skeptical about crypto hype, Sheila Warren explains why it is here to stay, and what you might be overlooking. As CEO of the Crypto Council for Innovation, Warren joins Rapid Response to take us inside today's crypto resurgence, in which 1 out of 5 Americans hold crypto in some fashion. Warren shares the story behind Congress' recent bipartisan crypto bill, and how the industry is cracking down on bad actors and get-rich-quick schemes. Plus, how crypto is part of the underlying tech behind a “new internet.” Visit the Rapid Response website here: https://www.rapidresponseshow.com/See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Sheila Warren delves into the political dynamics and regulatory shifts driving the recent regulatory change of heart around crypto.Listen to the episode on Apple Podcasts, Spotify, Pods, Fountain, Overcast, Podcast Addict, Pocket Casts, Castbox, Amazon Music, or on your favorite podcast platform.Sheila Warren, CEO of the Crypto Council for Innovation, joins Unchained to explore the dramatic shift by Democrats in the last few weeks on crypto. She explains why she believes the overturning of SAB 121 and the House vote for the FIT21 bill were both instrumental to the White House's changing view on crypto and may have played a role in the SEC's surprising approval of spot ETH ETFs. Having worked for years on passing crypto legislation and as a lifelong Democrat, Sheila describes what kinds of arguments were persuasive to Democratic members of Congress, addresses some criticisms of the FIT21 bill, and gives her perspective on the debate about single-issue voters.Show highlights: The overall attitude toward crypto in Washington going into the House vote on SAB 121 on May 8The bipartisan votes in the House and Senate to overturn SAB 121Why, by the time of the Senate vote on FIT21, the White House had had a change of heart about cryptoWhy, after the Senate vote to repeal SAB 121, the SEC approved the spot ETH ETFsWhy Sheila is so proud of the passage in the House of the FIT21 billHow Sheila and CCI approached their discussions with Democrats and what arguments they found effectiveWhether the industry has survived the negative image of SBF and FTXThe sea change in the White House between the SAB 121 vote and the FIT21 voteA high-level description of the FIT21 bill What kind of authority the bill would give the CFTC over crypto What the implications of the bill are for launching tokensFIT21's approach to regulating DeFi and how the FIT21 bill is "kicking the can" on this topicThe overall political and legislation landscape and the next likely steps for cryptoWhether the ETF approval changes anything about the SEC's investigation into EthereumWhat Sheila thinks about the 'crypto single-issue voter' debate Visit our website for breaking news, analysis, op-eds, articles to learn about crypto, and much more: unchainedcrypto.comThank you to our sponsors!PolkadotVaultCraftGuest:Sheila Warren, CEO of the Crypto Council for InnovationPrevious appearance on Unchained: Did FTX Ruin Crypto's Image on Capitol Hill? Two DC Insiders DiscussLinksPrevious coverage on Unchained of the recent shift in the US political landscape:Senator Cynthia Lummis on Why Crypto Now Has Bipartisan Support in CongressBits + Bips: Is US Politics Driving the ETH ETF Approval?Why Spot Ether ETFs Are Now Likely to Be Approved on ThursdaySAB 121Bloomberg: As Bitcoin Rallies, Banks Are Pushing US Regulators to Change Crypto Guidance FIT21CCI: FIT21 Coalition Support LetterUnchained: FIT21 Bill Heads to The Senate: Should We Really Be Excited?Sheila's op-ed on Fortune: The clock is ticking for Democrats on cryptoSpot Ether ETFsUnchained: Analysts Up Odds of Spot Ether ETF to 75% as Prometheum Launches Product That Treats ETH as a SecurityEthereum Foundation investigationFortune Crypto: SEC probing crypto companies in Ethereum investigation as hopes for ETF dim-Unchained Podcast is Produced by Laura Shin Media, LLC. Distributed by CoinDesk. Senior Producer is Michele Musso and Executive Producer is Jared Schwartz. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Sheila Warren, CEO of the Crypto Council for Innovation, joins Unchained to explore the dramatic shift by Democrats in the last few weeks on crypto. She explains why she believes the overturning of SAB 121 and the House vote for the FIT21 bill were both instrumental to the White House's changing view on crypto and may have played a role in the SEC's surprising approval of spot ETH ETFs. Having worked for years on passing crypto legislation and as a lifelong Democrat, Sheila describes what kinds of arguments were persuasive to Democratic members of Congress, addresses some criticisms of the FIT21 bill, and gives her perspective on the debate about single-issue voters. Show highlights: The overall attitude toward crypto in Washington going into the House vote on SAB 121 on May 8 The bipartisan votes in the House and Senate to overturn SAB 121 Why, by the time of the Senate vote on FIT21, the White House had had a change of heart about crypto Why, after the Senate vote to repeal SAB 121, the SEC approved the spot ETH ETFs Why Sheila is so proud of the passage in the House of the FIT21 bill How Sheila and CCI approached their discussions with Democrats and what arguments they found effective Whether the industry has survived the negative image of SBF and FTX The sea change in the White House between the SAB 121 vote and the FIT21 vote A high-level description of the FIT21 bill What kind of authority the bill would give the CFTC over crypto What the implications of the bill are for launching tokens FIT21's approach to regulating DeFi and how the FIT21 bill is "kicking the can" on this topic The overall political and legislation landscape and the next likely steps for crypto Whether the ETF approval changes anything about the SEC's investigation into Ethereum What Sheila thinks about the 'crypto single-issue voter' debate Visit our website for breaking news, analysis, op-eds, articles to learn about crypto, and much more: unchainedcrypto.com Thank you to our sponsors! Polkadot VaultCraft Guest: Sheila Warren, CEO of the Crypto Council for Innovation Previous appearance on Unchained: Did FTX Ruin Crypto's Image on Capitol Hill? Two DC Insiders Discuss Links Previous coverage on Unchained of the recent shift in the US political landscape: Senator Cynthia Lummis on Why Crypto Now Has Bipartisan Support in Congress Bits + Bips: Is US Politics Driving the ETH ETF Approval? Why Spot Ether ETFs Are Now Likely to Be Approved on Thursday SAB 121 Bloomberg: As Bitcoin Rallies, Banks Are Pushing US Regulators to Change Crypto Guidance FIT21 CCI: FIT21 Coalition Support Letter Unchained: FIT21 Bill Heads to The Senate: Should We Really Be Excited? Sheila's op-ed on Fortune: The clock is ticking for Democrats on crypto Spot Ether ETFs Unchained: Analysts Up Odds of Spot Ether ETF to 75% as Prometheum Launches Product That Treats ETH as a Security Ethereum Foundation investigation Fortune Crypto: SEC probing crypto companies in Ethereum investigation as hopes for ETF dim Learn more about your ad choices. Visit megaphone.fm/adchoices
Sheila Warren, CEO of the Crypto Council for Innovation, joins Unchained to explore the dramatic shift by Democrats in the last few weeks on crypto. She explains why she believes the overturning of SAB 121 and the House vote for the FIT21 bill were both instrumental to the White House's changing view on crypto and may have played a role in the SEC's surprising approval of spot ETH ETFs. Having worked for years on passing crypto legislation and as a lifelong Democrat, Sheila describes what kinds of arguments were persuasive to Democratic members of Congress, addresses some criticisms of the FIT21 bill, and gives her perspective on the debate about single-issue voters. Show highlights: The overall attitude toward crypto in Washington going into the House vote on SAB 121 on May 8 The bipartisan votes in the House and Senate to overturn SAB 121 Why, by the time of the Senate vote on FIT21, the White House had had a change of heart about crypto Why, after the Senate vote to repeal SAB 121, the SEC approved the spot ETH ETFs Why Sheila is so proud of the passage in the House of the FIT21 bill How Sheila and CCI approached their discussions with Democrats and what arguments they found effective Whether the industry has survived the negative image of SBF and FTX The sea change in the White House between the SAB 121 vote and the FIT21 vote A high-level description of the FIT21 bill What kind of authority the bill would give the CFTC over crypto What the implications of the bill are for launching tokens FIT21's approach to regulating DeFi and how the FIT21 bill is "kicking the can" on this topic The overall political and legislation landscape and the next likely steps for crypto Whether the ETF approval changes anything about the SEC's investigation into Ethereum What Sheila thinks about the 'crypto single-issue voter' debate Visit our website for breaking news, analysis, op-eds, articles to learn about crypto, and much more: unchainedcrypto.com Thank you to our sponsors! Polkadot VaultCraft Guest: Sheila Warren, CEO of the Crypto Council for Innovation Previous appearance on Unchained: Did FTX Ruin Crypto's Image on Capitol Hill? Two DC Insiders Discuss Links Previous coverage on Unchained of the recent shift in the US political landscape: Senator Cynthia Lummis on Why Crypto Now Has Bipartisan Support in Congress Bits + Bips: Is US Politics Driving the ETH ETF Approval? Why Spot Ether ETFs Are Now Likely to Be Approved on Thursday SAB 121 Bloomberg: As Bitcoin Rallies, Banks Are Pushing US Regulators to Change Crypto Guidance FIT21 CCI: FIT21 Coalition Support Letter Unchained: FIT21 Bill Heads to The Senate: Should We Really Be Excited? Sheila's op-ed on Fortune: The clock is ticking for Democrats on crypto Spot Ether ETFs Unchained: Analysts Up Odds of Spot Ether ETF to 75% as Prometheum Launches Product That Treats ETH as a Security Ethereum Foundation investigation Fortune Crypto: SEC probing crypto companies in Ethereum investigation as hopes for ETF dim Learn more about your ad choices. Visit megaphone.fm/adchoices
The question of how multilateral development banks need to reform themselves so they are fit to face today's global challenges was again high on the agenda at the recent World Bank/IMF Spring Meetings in Washington, D.C.These debates and recommendations for reform can be technical and complex, but what do the people these financial institutions were set up to serve think about what changes are needed?This episode, which was recorded from the sidelines of the Spring Meetings in Washington, D.C., considers whether development finance is really reaching those who need it most. We ask how we can harness recent trends and technological advances so they work for – rather than against – the most vulnerable.GuestsSara Pantuliano (host), Chief Executive, ODILiesbet Steer, President and CEO of the Education Development Center & Chair of the ODI North America BoardAndrew Herscowitz, Executive Director, ODI North AmericaSheila Warren, CEO, Crypto Council for Innovation and ODI North America Board MemberRelated resourcesODI's Spring Meetings resources hubHow to better reach underserved borrowers (ODI event)Towards an MDB agenda for reform in FCV (ODI paper)Navigating fragility: the new multilateral agenda (ODI event)Matching finance to need (ODI event)Do we need a new Bretton Woods agreement for the post-Covid era? (Think Change podcast)Will early blooms bear fruit? Key takeaways from the 2024 World Bank Spring Meetings (ODI blog)MDB Insights: 2024 Spring Meetings previewed (ODI blog)
Crypto Council for Innovation Chief APAC Analyst Sean Lee discusses the state of crypto adoption and regulation in Asia.To get the show every day, follow the podcast here.Crypto Council for Innovation Chief APAC Analyst Sean Lee breaks down the state of crypto in Asia. He focuses on the impact of South Korea's latest election on digital assets. Plus, the possibility of the spot bitcoin and ether ETF approval in Hong Kong, and which regions are leading the pack when it comes to crypto adoption in Asia.-Consensus is where experts convene to talk about the ideas shaping our digital future. Join developers, investors, founders, brands, policymakers and more in Austin, Texas from May 29-31. The tenth annual Consensus is curated by CoinDesk to feature the industry's most sought-after speakers, unparalleled networking opportunities and unforgettable experiences. Register now at consensus.coindesk.com.-This episode was hosted by Jennifer Sanasie. “First Mover” is produced by Jennifer Sanasie and Melissa Montañez and edited by Victor Chen.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
In crypto news today the SEC and Gary Gensler take huge losses as Judge in DebtBox case sanctions the SEC. Empower Oversight sues SEC relating to conflicts with Ethereum and Bill Hinman and Jay Clayton. Fidelity wants ETH staking in its ETF.
Dive into the visionary realm of cryptocurrency and blockchain as Stefania Barbaglio sits down with Sheila Warren, the CEO of Crypto Council for Innovation (CCI), in a thought-provoking and insightful conversation.
Sheila Warren* – voted one of the most influential women in DC – is the CEO of the Crypto Council for Innovation (CCI). CCI, which recently added Circle as a member, is a leading global alliance of industry leaders that seeks a more accessible, robust, and well-informed crypto ecosystem through research, education, and advocacy.
FRANCE 24 Business Editor Yuka Royer reports from Davos, where Israeli President Isaac Herzog is set to appear with the families of Israeli hostages being held in Gaza. And while artificial intelligence is a major theme of this year's event, cryptocurrency is also drawing renewed attention as the sector seeks increased legitimacy on mainstream financial markets. We hear from the CEO of the Crypto Council for Innovation, Sheila Warren.
Another rollercoaster of a year in crypto has come and gone. To kick off 2024, we reached out to some founders and builders to get their takeaways from 2023 and perspectives on where crypto is headed in the new year. Our guests for this episode are:Ash Egan, Founder of ArchetypeAsta Li, Co-founder of PrivyNick Johnson, Lead Developer of ENSSheila Warren, CEO of Crypto Council for InnovationThere's a lot to be excited about, but some common threads formed around web3 social, onchain gaming, continued progress on the UX front, and crypto finally reaching consumers in a meaningful way.
In the last episode of 2023 for the Cohere podcast, co-hosts Bill Johnston and Dr. Lauren Vargas welcome Reneé Barton, Manager of Impact Research at the Crypto Council for Innovation. They delve into the CRADL report, the crypto industry's first in-depth ethnographic study, which illuminates the varied motivations behind crypto adoption and highlights opportunities for industry refinement. Barton elaborates on the meticulous research methodology that captures diverse user experiences, revealing overlooked use cases and challenging assumptions about crypto's role in equitable wealth distribution. The conversation also touches on the hurdles of user experience in crypto adoption, potential risks, and the practical application of the research for stakeholders. The episode concludes with insights on future explorations and where to access CRADL's pioneering work. Mentioned in this episode: About our guest(s): Renée Barton is passionate about connecting research and analysis to the design and implementation of policies, programs, and places that equitably leverage, distribute, and create access for all to the benefits of technology. She looks beyond data and econometric analysis to understand how people and communities engage with the policies, products, and places that shape their lives. As the Manager of Impact Research at the (CCI), Renée leads research to provide evidence-based insights on the real-world value of crypto on the lives of people and their communities. By sharing insights, expertise, and facts about the global crypto ecosystem, CCI supports governments and institutions worldwide in efforts to shape inclusive policy and regulation that fosters innovation and grows access for all to a new ecosystem of tools and services. As a researcher and project lead at the , funded by the , Renée led primary ethnographic research to help organizations and policymakers understand why people are turning to crypto. In her prior capacity as a consultant she has advised a range of public and private entities including governments, universities, philanthropic organizations, major tech companies, startups, and minority-serving venture funds, on topics including economic development, the structuring of policies and programs, and implementation strategy at the intersection of technology, communities, and inclusive growth. Call-to-Action(s): If you liked this episode, check out: and For more reflections about the intersection of community and exponential technologies, subscribe to the Cohere Podcast wherever you listen to podcasts. Share about future guests / topics of exploration. Check out #BookDNA for a list of books, articles, and whitepapers featured on the Cohere Podcast.
A pair of crypto industry tax experts describe the problems with the tax agency's new reporting proposals and suggest alternatives. The IRS sparked a storm of controversy when it released proposed new rules for crypto transaction reporting earlier this year. The new rules seek to define who is considered a broker, what types of transactions need to get reported, and the kinds of digital assets that need to be included, but many in the industry consider them overly broad and ultimately unworkable. Lawrence Zlatkin, VP of Tax at Coinbase, and Shehan Chandrasekera, Head of Tax Strategy at tax software firm CoinTracker, discuss the crypto industry's specific objections to the proposed new rules, and what might be a better way forward. They also delve into how the regulations would apply to stablecoins and NFTs, potential blockchain-based solutions for the reporting requirements, and what the likely outlook and timeline for the proposals to come into effect are. Listen to the episode on Apple Podcasts, Spotify, Overcast, Podcast Addict, Pocket Casts, Stitcher, Castbox, Google Podcasts, Amazon Music, or on your favorite podcast platform.Show highlights | What the newly proposed IRS regulations around crypto are and when they are likely to go into effectWhat entities qualify as a broker and why this may pose a problemWhat the implications for the industry are if these regulations were passedThe number of additional reports the IRS is expecting to receive if these regulations are adoptedHow the regulations would apply to stablecoins and NFTsWhat the five types of brokers are under the proposed regulations and the three types that they exclude, according to ShehanThe unprecedented amount of comments submittedWhat suggestions Coinbase and CoinTracker have in mind for better tax regulationWhy Lawrence thinks that DeFi exchanges should be treated the same as centralized onesWhether people should have privacy concerns about the new proposalsWhat some blockchain-based solutions for tax reporting, such as attestation tokensWhat are the next steps for the IRS's proposed regulation areHow long it will take to actually implement these regulationsThank you to our sponsors! LayerZero | Popcorn NetworkGuests | Shehan Chandrasekera, Head of Tax Strategy at CoinTrackerLawrence Zlatkin, VP of Tax at CoinbaseLinks | Previous coverage of Unchained on crypto taxes, with appearances from Shehan and Lawrence:Everything You Need to Know About Filing Your 2022 Crypto TaxesYour 2021 Crypto Taxes: How to Handle NFTs, DAOs, Airdrops and MoreEverything You Need to Know About Your 2020 Crypto Taxes Why You Shouldn't Trust Crypto Exchange Reports for Your TaxesThe IRS Is Cracking Down on Crypto Taxes: What You Need to Know Could the Bank Secrecy Act Harm Crypto? Coin Center Thinks SoInfrastructure Investment and Jobs Act (117th Congress)Proposed rule:IRS proposed rule text: Gross Proceeds and Basis Reporting by Brokers and Determination of Amount Realized and Basis for Digital Asset TransactionsU.S. Department of the Treasury, IRS Release Proposed Regulations on Sales and Exchanges of Digital Assets by BrokersCoinDesk: How the Crypto Industry Responded to the IRS Proposed Broker RuleTwitter thread from Ji Kim of the Crypto Council for Innovation CNBC: President Joe Biden to sign the bipartisan infrastructure bill into law—here's how crypto investors will be impactedIRS issues guidance, seeks comments on nonfungible tokensCoinbase first comment letterCoinbase second comment letterCoinTracker comment letterUnchained Podcast is Produced by Laura Shin Media, LLC. Distributed by CoinDesk. Senior Producer is Michele Musso and Executive Producer is Jared Schwartz. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
The IRS sparked a storm of controversy when it released proposed new rules for crypto transaction reporting earlier this year. The new rules seek to define who is considered a broker, what types of transactions need to get reported, and the kinds of digital assets that need to be included, but many in the industry consider them overly broad and ultimately unworkable. Lawrence Zlatkin, VP of Tax at Coinbase, and Shehan Chandrasekera, Head of Tax Strategy at tax software firm CoinTracker, discuss the crypto industry's specific objections to the proposed new rules, and what might be a better way forward. They also delve into how the regulations would apply to stablecoins and NFTs, potential blockchain-based solutions for the reporting requirements, and what the likely outlook and timeline for the proposals to come into effect are. Listen to the episode on Apple Podcasts, Spotify, Overcast, Podcast Addict, Pocket Casts, Stitcher, Castbox, Google Podcasts, Amazon Music, or on your favorite podcast platform. Show highlights: What the newly proposed IRS regulations around crypto are and when they are likely to go into effect what entities qualify as a broker and why this may pose a problem what the implications for the industry are if these regulations were passed the number of additional reports the IRS is expecting to receive if these regulations are adopted how the regulations would apply to stablecoins and NFTs what the five types of brokers are under the proposed regulations and the three types that they exclude, according to Shehan the unprecedented amount of comments submitted what suggestions Coinbase and CoinTracker have in mind for better tax regulation why Lawrence thinks that DeFi exchanges should be treated the same as centralized ones whether people should have privacy concerns about the new proposals what some blockchain-based solutions for tax reporting are, such as attestation tokens what the next steps for the IRS proposed regulation are how long it will take to actually implement these regulations Thank you to our sponsors! LayerZero Popcorn Network Guests: Shehan Chandrasekera, Head of Tax Strategy at CoinTracker Lawrence Zlatkin, VP of Tax at Coinbase Links Previous coverage of Unchained on crypto taxes, with appearances from Shehan and Lawrence: Everything You Need to Know About Filing Your 2022 Crypto Taxes Your 2021 Crypto Taxes: How to Handle NFTs, DAOs, Airdrops and More Everything You Need to Know About Your 2020 Crypto Taxes Why You Shouldn't Trust Crypto Exchange Reports for Your Taxes The IRS Is Cracking Down on Crypto Taxes: What You Need to Know Could the Bank Secrecy Act Harm Crypto? Coin Center Thinks So Infrastructure Investment and Jobs Act (117th Congress) Proposed rule: IRS proposed rule text: Gross Proceeds and Basis Reporting by Brokers and Determination of Amount Realized and Basis for Digital Asset Transactions U.S. Department of the Treasury, IRS Release Proposed Regulations on Sales and Exchanges of Digital Assets by Brokers CoinDesk: How the Crypto Industry Responded to the IRS Proposed Broker Rule Twitter thread from Ji Kim of Crypto Council for Innovation CNBC: President Joe Biden to sign the bipartisan infrastructure bill into law—here's how crypto investors will be impacted IRS issues guidance, seeks comments on nonfungible tokens Coinbase first comment letter Coinbase second comment letter CoinTracker comment letter Learn more about your ad choices. Visit megaphone.fm/adchoices
The IRS sparked a storm of controversy when it released proposed new rules for crypto transaction reporting earlier this year. The new rules seek to define who is considered a broker, what types of transactions need to get reported, and the kinds of digital assets that need to be included, but many in the industry consider them overly broad and ultimately unworkable. Lawrence Zlatkin, VP of Tax at Coinbase, and Shehan Chandrasekera, Head of Tax Strategy at tax software firm CoinTracker, discuss the crypto industry's specific objections to the proposed new rules, and what might be a better way forward. They also delve into how the regulations would apply to stablecoins and NFTs, potential blockchain-based solutions for the reporting requirements, and what the likely outlook and timeline for the proposals to come into effect are. Listen to the episode on Apple Podcasts, Spotify, Overcast, Podcast Addict, Pocket Casts, Stitcher, Castbox, Google Podcasts, Amazon Music, or on your favorite podcast platform. Show highlights: What the newly proposed IRS regulations around crypto are and when they are likely to go into effect what entities qualify as a broker and why this may pose a problem what the implications for the industry are if these regulations were passed the number of additional reports the IRS is expecting to receive if these regulations are adopted how the regulations would apply to stablecoins and NFTs what the five types of brokers are under the proposed regulations and the three types that they exclude, according to Shehan the unprecedented amount of comments submitted what suggestions Coinbase and CoinTracker have in mind for better tax regulation why Lawrence thinks that DeFi exchanges should be treated the same as centralized ones whether people should have privacy concerns about the new proposals what some blockchain-based solutions for tax reporting are, such as attestation tokens what the next steps for the IRS proposed regulation are how long it will take to actually implement these regulations Thank you to our sponsors! LayerZero Popcorn Network Guests: Shehan Chandrasekera, Head of Tax Strategy at CoinTracker Lawrence Zlatkin, VP of Tax at Coinbase Links Previous coverage of Unchained on crypto taxes, with appearances from Shehan and Lawrence: Everything You Need to Know About Filing Your 2022 Crypto Taxes Your 2021 Crypto Taxes: How to Handle NFTs, DAOs, Airdrops and More Everything You Need to Know About Your 2020 Crypto Taxes Why You Shouldn't Trust Crypto Exchange Reports for Your Taxes The IRS Is Cracking Down on Crypto Taxes: What You Need to Know Could the Bank Secrecy Act Harm Crypto? Coin Center Thinks So Infrastructure Investment and Jobs Act (117th Congress) Proposed rule: IRS proposed rule text: Gross Proceeds and Basis Reporting by Brokers and Determination of Amount Realized and Basis for Digital Asset Transactions U.S. Department of the Treasury, IRS Release Proposed Regulations on Sales and Exchanges of Digital Assets by Brokers CoinDesk: How the Crypto Industry Responded to the IRS Proposed Broker Rule Twitter thread from Ji Kim of Crypto Council for Innovation CNBC: President Joe Biden to sign the bipartisan infrastructure bill into law—here's how crypto investors will be impacted IRS issues guidance, seeks comments on nonfungible tokens Coinbase first comment letter Coinbase second comment letter CoinTracker comment letter Learn more about your ad choices. Visit megaphone.fm/adchoices
In this episode of MoneyNeverSleeps, Pete Townsend introduces the 'Web3 Wishlist' of an insightful line-up of entrepreneurs and investors who share their thoughts on Web3. Opinions are gathered around what aspects they hope to see Web3 founders solve, focusing on topics such as user experience, digital identity, decentralized finance, AI, regulatory issues, and real-world applications. The diverse panel for this Web3 Wishlist includes John Hallahan from Fireblocks, Arry Yu from the U.S. Blockchain Coalition, Hesus Inoma from i13 Ventures, Niamh O'Connell from CasperLabs, Prashanth Swaminathan from Woodstock Fund, Sean Lee from the Crypto Council for Innovation, Clarisse Hagege from Dfns, and Lou Kerner from the Crypto Oracle Collective. The episode aims to explore and understand the current challenges and potential opportunities in the Web3 space. 00:19 Techstars Web3 Accelerator Announcement 00:47 Web3 founders' challenges and solutions 01:46 John Hallahan's Web3 Wishlist 03:43 Arry Yu's thoughts on digital identity and being the adult in the room 06:17 Hesus Inoma's insights on Web3 founders 08:27 Niamh O'Connell on self-sovereign identity 11:28 Prashanth Swaminathan's top areas for Web3 15:52 Sean Lee's perspective on Web3 tokens 18:16 Clarisse Hagege's call for real-life use cases 19:10 Lou Kerner's thoughts on balance and mistakes Web3 Wishlist Contributors: John Hallahan, Director, Business Solutions & Advisory at Fireblocks, whose mission is to enable every business to easily and securely support digital assets and cryptocurrencies. (video) Arry Yu, is the Co-Founder and Co-Chair at the U.S. Blockchain Coalition, a coalition of state blockchain associations, organizations and influencers across the country cooperating together to ensure the United States is a leader in blockchain, Web3, and distributed ledger technologies (DLT). Hesus Inoma, Head of Strategy & Innovation at i13 Ventures, whose purpose is to co-create and back products and services grounded on first design principles for the new era of the web. Niamh O'Connell, Enterprise & Partnerships Lead (U.S) at CasperLabs, the first blockchain built specifically for business adoption. Prashanth Swaminathan, Partner at Woodstock Fund, a thesis and research-driven fund, investing in early and growth stage Web 3.0 companies and protocols. Sean Lee, Senior Advisor at the Crypto Council for Innovation, a global alliance of crypto industry leaders that are advocating for responsible and healthy regulations in the digital asset industry. Clarisse Hagege, Founder & CEO at Dfns, providing web3 wallets as APIs and wallet-as-a-service infrastructure that enables crypto developers to forget about private key management so they can focus on building what matters most - their applications. Lou Kerner, the founder of the Crypto Oracle Collective, a decentralized web3 advisory firm and also the DAO for Crypto Mondays, which is the largest crypto meetup in the world with active chapters in 54 cities. LINKS: Subscribe to our MoneyNeverSleeps newsletter on Substack Leave a review and subscribe on Apple Podcasts | Spotify Check out our MoneyNeverSleeps website and email us at info@norioventures.com Follow us on X(Twitter): Pete Townsend | MoneyNeverSleeps Follow us on LinkedIn: Pete Townsend | MoneyNeverSleeps
Pete Townsend introduces an insightful line-up of entrepreneurs and investors who share their thoughts on web3. Opinions are gathered around what aspects they hope to see web3 founders solve, focusing on topics such as user experience, digital identity, decentralized finance, AI, regulatory issues, and real-world applications. The diverse panel includes John Hallahan from Fireblocks, Arry Yu from the U.S. Blockchain Coalition, Hesus Inoma from i13 Ventures, Niamh O'Connell from CasperLabs, Prashanth Swaminathan from Woodstock Fund, Sean Lee from the Crypto Council for Innovation, Clarisse Hagege from Dfns, and Lou Kerner from the Crypto Oracle Collective. The episode aims to explore and understand the current challenges and potential opportunities in the Web3 space. 00:19 Techstars Web3 Accelerator Announcement 00:47 Web3 founders' challenges and solutions 01:46 John Hallahan's Web3 Wishlist 03:43 Arry Yu's thoughts on digital identity and being the adult in the room 06:17 Hesus Inoma's insights on Web3 founders 08:27 Niamh O'Connell on self-sovereign identity 11:28 Prashanth Swaminathan's top areas for Web3 15:52 Sean Lee's perspective on Web3 tokens 18:16 Clarisse Hagege's call for real-life use cases 19:10 Lou Kerner's thoughts on balance and mistakes CONTRIBUTORS: John Hallahan, Director, Business Solutions & Advisory at Fireblocks, whose mission is to enable every business to easily and securely support digital assets and cryptocurrencies. (video) Arry Yu, is the Co-Founder and Co-Chair at the U.S. Blockchain Coalition, a coalition of state blockchain associations, organizations and influencers across the country cooperating together to ensure the United States is a leader in blockchain, Web3, and distributed ledger technologies (DLT). Hesus Inoma, Head of Strategy & Innovation at i13 Ventures, whose purpose is to co-create and back products and services grounded on first design principles for the new era of the web. Niamh O'Connell, Enterprise & Partnerships Lead (U.S) at CasperLabs, the first blockchain built specifically for business adoption. Prashanth Swaminathan, Partner at Woodstock Fund, a thesis and research-driven fund, investing in early and growth stage Web 3.0 companies and protocols. Sean Lee, Senior Advisor at the Crypto Council for Innovation, a global alliance of crypto industry leaders that are advocating for responsible and healthy regulations in the digital asset industry. Clarisse Hagege, Founder & CEO at Dfns, providing web3 wallets as APIs and wallet-as-a-service infrastructure that enables crypto developers to forget about private key management so they can focus on building what matters most — their applications. Lou Kerner, the founder of the Crypto Oracle Collective, a decentralized web3 advisory firm and also the DAO for Crypto Mondays, which is the largest crypto meetup in the world with active chapters in 54 cities. LINKS: Leave a review and subscribe on Apple Podcasts | Spotify Subscribe to our MoneyNeverSleeps newsletter on Substack Check out our MoneyNeverSleeps website and email us at info@norioventures.com Follow us on Twitter: MoneyNeverSleeps | Pete Townsend Follow us on LinkedIn: MoneyNeverSleeps | Pete Townsend --- Send in a voice message: https://podcasters.spotify.com/pod/show/moneyneversleeps/message
Here's why it's difficult to calculate exactly how much money terrorists are raising in crypto. The recent Wall Street Journal article that claimed Hamas raised $130 million via cryptocurrency has sparked considerable debate, especially after Sen. Elizabeth Warren used it as her sole source to ask for tighter regulations around crypto. However, the veracity of this claim has come under scrutiny. Yaya Fanusie, Jessi Brooks, and Andrew Fierman delve into the veracity of reported figures, the methodology behind them, and the subsequent industry responses that sought to correct the public record. They examine the political implications of cryptocurrency, its use in funding organizations, and the nuanced role of stablecoins in this digital economy. Additionally, they address the broader challenges in regulating crypto to prevent illicit funding, emphasizing the need for factual accuracy and a comprehensive approach to understanding and tackling such complex issues. Listen to the episode on Apple Podcasts, Spotify, Overcast, Podcast Addict, Pocket Casts, Stitcher, Castbox, Google Podcasts, Amazon Music, or on your favorite podcast platform.Show highlights | How the Wall Street Journal article claimed that Hamas and other militant groups in Palestine raised $130 million via cryptoWhy Yaya, who spent some time in his career doing research on terrorist financing, found those numbers oddWhy Jessi believes that there's been a loss of focus on facts and accuracyAndrew's explanation of the post by Chainlaysis that corrected the recordWhy it's so difficult to make a confident assessment of how much money is being funneled to terrorist groupsWhether crypto has become politicized Why is it so important to focus not only on the crypto fundraising but also the other avenues, according to JessiThe role of USDT and other stablecoins in fundraising terrorist organizationsTow North Korea is a much more sophisticated actor than Hamas in its know-how about cryptoHow the government has tried to respond to the illicit usage of crypto, such as the OFAC sanctions on Tornado cashThe challenges to creating regulations to prevent the use of illicit activity in cryptoThank you to our sponsors! Crypto.com | LayerZero | Popcorn NetworkGuests | Yaya Fanusie, Director of anti-money laundering and cyber risk at the Crypto Council for Innovation.Previous appearance on Unchained: How Widespread Is Money Laundering in Crypto?Hamas has been experimenting with crypto for years: Yaya Fanusie, appearance on FOX BusinessJessi Brooks, CCO and Legal Officer at Ribbit Capital.Previous appearance on Unchained: How This DOJ Strike Force Hunts Down Cryptocurrency CriminalsAndrew Fierman, Head of Sanctions Strategy at Chainalysis Links | Fundraising report and corrections WSJ: Hamas Militants Behind Israel Attack Raised Millions in CryptoCryptocurrency Feeds Hamas's TerrorismQuestioning Two Senators on Crypto TerrorismWashington Post: U.S. to warn crypto firms against financing Hamas, terror groups U.S. Cyber Command helps prosecutors seize stolen cryptocurrency traced to illicit N. Korea nuclear weapons programFT: Israel orders freeze on crypto accounts in bid to block funding for HamasFortune: Stricter verification laws in the U.S. won't stop international terrorists from using cryptoDOJ: Global Disruption of Three Terror Finance Cyber-Enabled CampaignsElliptic: Setting the record straight on crypto crowdfunding by HamasHow Hamas has utilized crypto, and what may be comingChainalysis: Cryptocurrency and Terrorism Financing: Correcting the RecordDOJ Takedowns Terrorism Financing with Blockchain AnalysisNic Carter Twitter thread: Can crypto-twitter OSINT outperform the WSJ's chain analysis?Nic Carter Tweet: Liz Warren wyd?Tornado Cash sanctions: Bitcoin News: Snoop Dogg, Steve Aoki, Logan Paul, and Beeple Dusted by OFAC-Banned Tornado Cash TransactionsPrevious coverage of Unchained on Tornado Cash:Is This the End of DeFi? Why the US Government Is Going After Tornado CashThe Chopping Block: ‘Code Is Law' Is ‘Obviously Not How Anything Works Ever'The Chopping Block: Why DeFi May Be Over-Complying With Tornado Cash SanctionsPreston Van Loon on Ethereum's Merge and His Lawsuit Against TreasuryGiven the Sanctions on Tornado Cash, Is Ethereum Censorship Resistant?The Chopping Block: Did OFAC Overstep by Sanctioning Tornado Cash?Tornado Cash Sanctioned. Did the Government Overstep Its Bounds?Unchained: Tornado Cash Cofounder Arrested, Another Sanctioned by U.S. GovernmentCrypto anti-money laundering bill:Warren's letter: Warren, Marshall, Casten, 100+ Lawmakers Ask Biden Administration to Address Crypto-Financed Terrorism after Reports of Hamas Raising Millions in Crypto to Fund OperationsThe Digital Asset Anti-Money Laundering Act of 2023 Senators Elizabeth Warren and Roger MarshallCoinDesk: Senator Elizabeth Warren's Crypto Money Laundering Bill Gains Momentum as More Sign On-Unchained Podcast is Produced by Laura Shin Media, LLC. Distributed by CoinDesk. Senior Producer is Michele Musso and Executive Producer is Jared Schwartz. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
The recent Wall Street Journal article that claimed Hamas raised $130 million via cryptocurrency has sparked considerable debate, especially after Sen. Elizabeth Warren used it as her sole source to ask for tighter regulations around crypto. However, the veracity of this claim has come under scrutiny. Yaya Fanusie, Jessi Brooks, and Andrew Fierman delve into the veracity of reported figures, the methodology behind them, and the subsequent industry responses that sought to correct the public record. They examine the political implications of cryptocurrency, its use in funding organizations, and the nuanced role of stablecoins in this digital economy. Additionally, they address the broader challenges in regulating crypto to prevent illicit funding, emphasizing the need for factual accuracy and a comprehensive approach to understanding and tackling such complex issues. Listen to the episode on Apple Podcasts, Spotify, Overcast, Podcast Addict, Pocket Casts, Stitcher, Castbox, Google Podcasts, Amazon Music, or on your favorite podcast platform. Show highlights: how the Wall Street Journal article claimed that Hamas and other militant groups in Palestine raised $130 million via crypto why Yaya, who spent some time in his career doing research on terrorist financing, found those numbers odd why Jessi believes that there's been a loss of focus on facts and accuracy Andrew's explanation of the post by Chainalysis that corrected the record why it's so difficult to make a confident assessment of how much money is being funneled to terrorist groups whether crypto has become politicized why is it so important to focus not only on the crypto fundraising but also the other avenues, according to Jessi the role of USDT and other stablecoins in fundraising terrorist organizations how North Korea is a much more sophisticated actor than Hamas in its know-how about crypto how the government has tried to respond to the illicit usage of crypto, such as the OFAC sanctions on Tornado cash the challenges to creating regulations to prevent the use of illicit activity in crypto Thank you to our sponsors! Crypto.com LayerZero Popcorn Network Guests: Yaya Fanusie, Director of anti-money laundering and cyber risk at the Crypto Council for Innovation Previous appearance on Unchained: How Widespread Is Money Laundering in Crypto? Hamas has been experimenting with crypto for years: Yaya Fanusie, appearance on FOX Business Jessi Brooks, CCO and Legal Officer at Ribbit Capital Previous appearance on Unchained: How This DOJ Strike Force Hunts Down Cryptocurrency Criminals Andrew Fierman, Head of Sanctions Strategy at Chainalysis Links Fundraising report and corrections: WSJ: Hamas Militants Behind Israel Attack Raised Millions in Crypto Cryptocurrency Feeds Hamas's Terrorism Questioning Two Senators on Crypto Terrorism Washington Post: U.S. to warn crypto firms against financing Hamas, terror groups U.S. Cyber Command helps prosecutors seize stolen cryptocurrency traced to illicit N. Korea nuclear weapons program FT: Israel orders freeze on crypto accounts in bid to block funding for Hamas Fortune: Stricter verification laws in the U.S. won't stop international terrorists from using crypto DOJ: Global Disruption of Three Terror Finance Cyber-Enabled Campaigns Elliptic: Setting the record straight on crypto crowdfunding by Hamas How Hamas has utilized crypto, and what may be coming Chainalysis: Cryptocurrency and Terrorism Financing: Correcting the Record DOJ Takedowns Terrorism Financing with Blockchain Analysis Learn more about your ad choices. Visit megaphone.fm/adchoices
The recent Wall Street Journal article that claimed Hamas raised $130 million via cryptocurrency has sparked considerable debate, especially after Sen. Elizabeth Warren used it as her sole source to ask for tighter regulations around crypto. However, the veracity of this claim has come under scrutiny. Yaya Fanusie, Jessi Brooks, and Andrew Fierman delve into the veracity of reported figures, the methodology behind them, and the subsequent industry responses that sought to correct the public record. They examine the political implications of cryptocurrency, its use in funding organizations, and the nuanced role of stablecoins in this digital economy. Additionally, they address the broader challenges in regulating crypto to prevent illicit funding, emphasizing the need for factual accuracy and a comprehensive approach to understanding and tackling such complex issues. Listen to the episode on Apple Podcasts, Spotify, Overcast, Podcast Addict, Pocket Casts, Stitcher, Castbox, Google Podcasts, Amazon Music, or on your favorite podcast platform. Show highlights: how the Wall Street Journal article claimed that Hamas and other militant groups in Palestine raised $130 million via crypto why Yaya, who spent some time in his career doing research on terrorist financing, found those numbers odd why Jessi believes that there's been a loss of focus on facts and accuracy Andrew's explanation of the post by Chainalysis that corrected the record why it's so difficult to make a confident assessment of how much money is being funneled to terrorist groups whether crypto has become politicized why is it so important to focus not only on the crypto fundraising but also the other avenues, according to Jessi the role of USDT and other stablecoins in fundraising terrorist organizations how North Korea is a much more sophisticated actor than Hamas in its know-how about crypto how the government has tried to respond to the illicit usage of crypto, such as the OFAC sanctions on Tornado cash the challenges to creating regulations to prevent the use of illicit activity in crypto Thank you to our sponsors! Crypto.com LayerZero Popcorn Network Guests: Yaya Fanusie, Director of anti-money laundering and cyber risk at the Crypto Council for Innovation Previous appearance on Unchained: How Widespread Is Money Laundering in Crypto? Hamas has been experimenting with crypto for years: Yaya Fanusie, appearance on FOX Business Jessi Brooks, CCO and Legal Officer at Ribbit Capital Previous appearance on Unchained: How This DOJ Strike Force Hunts Down Cryptocurrency Criminals Andrew Fierman, Head of Sanctions Strategy at Chainalysis Links Fundraising report and corrections: WSJ: Hamas Militants Behind Israel Attack Raised Millions in Crypto Cryptocurrency Feeds Hamas's Terrorism Questioning Two Senators on Crypto Terrorism Washington Post: U.S. to warn crypto firms against financing Hamas, terror groups U.S. Cyber Command helps prosecutors seize stolen cryptocurrency traced to illicit N. Korea nuclear weapons program FT: Israel orders freeze on crypto accounts in bid to block funding for Hamas Fortune: Stricter verification laws in the U.S. won't stop international terrorists from using crypto DOJ: Global Disruption of Three Terror Finance Cyber-Enabled Campaigns Elliptic: Setting the record straight on crypto crowdfunding by Hamas How Hamas has utilized crypto, and what may be coming Chainalysis: Cryptocurrency and Terrorism Financing: Correcting the Record DOJ Takedowns Terrorism Financing with Blockchain Analysis Learn more about your ad choices. Visit megaphone.fm/adchoices
Sean Lee is the senior advisor at the Crypto Council for Innovation, which is a global alliance of crypto industry leaders advocating for responsible and healthy regulations in the digital asset industry. Sean has conducted business in over 20+ countries and two continents across his career, and networked with extraordinary professionals across many industries. As a technology enthusiast, his career started in Internet 1.0 during the mid '90s, spanning across eCommerce, cloud computing, and digitalization, with IBM, EMC, Pivotal, and Dell before moving into blockchain and crypto in the last few years. Through it all he has witnessed how technology combined with innovative business models can transform industries, and ultimately global economies as well. In this episode, Sean and I dive into How the current events in crypto point to an even greater opportunity for education, advocacy, and policy to accelerate the adoption of digital assets and blockchain technology. How the Crypto Council for Innovation approaches policy frameworks to align the digital asset industry with regulators and vice-versa How far the crypto industry and regulators have come with centralized finance (CeFi) already An example of policy building through the lens of decentralized finance (DeFi) with a focus on placing the regulatory lens on appropriate layers of the DeFi stack. How we approach the paraphrasing of the various definitions of web3 into terms that are accessible to non-crypto natives A big change that Sean and I would both like to see in how most web3 founders think about fundraising. LINKS: Follow Sean Lee on LinkedIn and X/(Twitter) Learn more about the Crypto Council for Innovation and their DeFi regulatory policy white paper Watch Sean Lee's weekly ‘This Week in Crypto: Sean's Take on Asia' videos on YouTube Episode title inspired by Global Access by Young Thug (feat, Nate Ruess) Leave a review and subscribe on Apple Podcasts | Spotify Check out our MoneyNeverSleeps website and email us at info@norioventures.com Follow us on Twitter: MoneyNeverSleeps | Pete Townsend Follow us on LinkedIn: MoneyNeverSleeps | Pete Townsend --- Send in a voice message: https://podcasters.spotify.com/pod/show/moneyneversleeps/message
This day in legal history, October 27, 1787, marks the first publication of the Federalist Papers, an event that significantly influenced the ratification of the United States Constitution. Written by Alexander Hamilton, John Jay, and James Madison under the collective pseudonym "PUBLIUS," these essays were intended to sway public opinion in favor of adopting the new Constitution, which had been drafted in Philadelphia earlier that year. The first paper, penned by Alexander Hamilton, was published in a New York newspaper and argued that the proposed system would safeguard against factionalism, a problem that had plagued the country under the Articles of Confederation.The Federalist Papers consist of 85 essays, each dissecting different elements of the Constitution and the broader governmental system it sought to create. From the division of powers among the three branches of government to the mechanisms of checks and balances, the papers provide a comprehensive rationale for the Constitution's architecture. John Jay wrote only a few of the essays due to illness, while Hamilton and Madison carried the bulk of the work. Interestingly, these papers were aimed specifically at the state of New York, as it was a critical swing state for the Constitution's ratification.As an intellectual cornerstone, the Federalist Papers are not just historical artifacts but continue to be cited in legal opinions, scholarly works, and constitutional debates to this day. The trio's incisive arguments succeeded in their immediate goal; New York ratified the Constitution on July 26, 1788. However, the enduring legacy of the Federalist Papers stretches far beyond that, serving as an indispensable guide to understanding the intentions of the Framers and the intricate framework of American governance.This year's annual bonus season for Big Law firms is anticipated to be relatively uneventful in terms of changes to the bonus scale. Top firms are expected to maintain the existing bonus structure, offering up to $115,000 for the most senior associates, even as the industry faces a slowdown in corporate work and some firms have reduced staff. While firms that have laid off associates or faced declining profits are expected to offer market-rate bonuses to signal a return to full strength, eligibility criteria are likely to be stricter. Firms are expected to increase the billable hour requirements for bonuses and may also consider office attendance as a factor.Joshua Holt, a former Goodwin Procter lawyer, suggests that the strict criteria allow firms to claim they offer market rates, even if few associates actually qualify for bonuses. Quinn Emanuel has broken the mold by announcing special bonuses based on seniority and billable hours, but this move is not expected to set a trend. According to industry data, lateral associate hiring has also declined by nearly one-third, reducing expectations for additional bonuses.The widening gap between the most profitable firms and the rest raises questions about whether some firms will cease trying to match industry-leading compensation packages. Moreover, firms like Davis Polk & Wardwell, Sidley Austin, and Simpson Thacher & Bartlett have announced they might cut bonuses for associates not meeting office attendance targets, prompting discussions on the fairness of such criteria.Big Law Bonuses Holding Steady But Now Come With More StringsCalifornia has passed a bill (A.B. 39) to license the cryptocurrency industry, making it the second major U.S. state after New York to regulate the sector. While the comprehensive regulations will not come into effect until July 2025, the bill outlines various requirements for applicants and gives the state Department of Financial Protection and Innovation discretion over who should be regulated. Governor Gavin Newsom, who signed the bill, indicated that the licensing framework may still require further clarity and potential cleanup legislation. Industry groups are now focusing their attention on the department, which will write the rules for licensing and enforcement.The bill also includes a provision that allows the department to grant exemptions from the licensing requirements if deemed "in the public interest." This has led industry groups like the Crypto Council for Innovation to lobby for broader exemptions, especially for startups and smaller companies. Joe Ciccolo, a board member of the Digital Currency Traders Alliance, said that the department could handle exemptions in various ways, including categorizing activities into different risk classes or regulating on a case-by-case basis.Concerns have been raised about the logistical challenges of implementing the new licensing system. Industry representatives are wary of a slow rollout similar to New York's and are calling for a public plan detailing how the department will manage the expected influx of applications. Despite these challenges, there's optimism about the law's future, as California officials have reportedly been in communication with counterparts in New York, and the state has shown willingness to listen to industry perspectives.Crypto Industry Girds Itself for California's New Licensing LawNew findings suggest that U.S. Supreme Court Justice Clarence Thomas failed to fully repay a significant portion of a $267,230 loan he received in 1999 from wealthy friend Anthony Welters. Senate Democrats have intensified their criticism of the Supreme Court for not having a binding code of conduct in light of this information. The loan was reportedly forgiven in 2008, but Thomas did not disclose the "forgiven debt" on his 2008 financial disclosure forms, raising ethical and legal questions. Senate Finance Committee Chair Ron Wyden has asked Thomas to clarify how much debt was forgiven and whether it was reported on his tax returns.In response, Thomas's attorney stated that the loan was never forgiven and that all payments were made until the agreement's terms were satisfied. The case adds to previous criticisms of Thomas for failing to disclose luxury trips and real estate transactions. Unlike other federal judges, Supreme Court justices are not subject to a binding code of ethics, although they do have certain financial disclosure obligations. Legal ethics experts have noted that the failure to disclose the loan is more significant than past omissions, highlighting the absence of a binding ethics code for Supreme Court justices. The Senate Judiciary Committee has approved a Democratic-backed bill to mandate such a code, but it faces stiff Republican opposition.Clarence Thomas loan report spurs new ethics criticism of US Supreme Court | ReutersLegal academics are expressing concern over a proposal by the American Bar Association (ABA) to standardize what law students should learn and how they are assessed. The ABA suggests that law schools should adopt and publish specific learning objectives for each class to help schools better understand their educational goals. However, numerous law professors and deans argue that the ABA is overreaching its authority and micromanaging how law is taught. They worry that the proposal could stifle the freedom faculty members have to teach courses based on their own expertise and approaches.Law deans from prestigious institutions like Columbia, UC Berkeley, Vanderbilt, and Georgetown have jointly written that the proposal could constrain faculty members and deprive students of a diverse learning experience. The ABA's managing director of accreditation and legal education, William Adams, explained that the proposed changes aim to provide clearer guidance to schools, as existing standards were criticized for being "too general."The proposal also includes a requirement for all first-year classes to have at least one early assessment and mandates academic support for students who don't perform satisfactorily. Some critics say this proposal could dismantle the successful system of student learning outcomes that the ABA introduced in 2015, which allows schools to set their own objectives and evaluate student progress accordingly.The new proposal extends to individual classes as well, demanding a set of skills and knowledge that students should acquire from each course. Some commenters worry that this could create additional bureaucratic burdens for schools, particularly as the proposal offers no specifics on how these outcomes should be measured. The ABA's legal education council is expected to consider the proposal in its February meeting.Law professors say ABA is 'micromanaging' with proposal to make courses more uniform | ReutersJudge Pauline Newman, the oldest federal judge with active status at 96, is fighting for reinstatement after her colleagues on the US Court of Appeals for the Federal Circuit suspended her. The suspension followed an investigation into her mental fitness and her refusal to undergo a full neurological workup. Newman has sued several of her fellow judges and the court's Judicial Council, which voted unanimously to suspend her for at least a year. In a recent filing, Newman argues that the US District Court for the District of Columbia should grant an injunction to restore her to the bench immediately.The Judicial Council contends that the district court lacks the authority to review its disciplinary actions. Newman fired back, stating that a judicial council should not operate without constraints or review mechanisms, as that would be an exercise of "arbitrary power" not tolerated by the Constitution. Newman is also challenging the council's dual suspensions against her; one for a case backlog and another for her refusal to cooperate with the mental fitness investigation.Newman argues that the council was not acting as a court but in an administrative role when they suspended her, which means their actions should be reviewed by a district court, not the Supreme Court. She accused Chief Judge Kimberly A. Moore of pre-judging her case, arguing that her colleagues merely adopted formal procedures afterwards.Mediation between Newman and the council has reached a deadlock, and both parties are now disputing a confidentiality agreement they signed before the mediation session. Newman also plans to challenge the council's order at the US Judicial Conference's Committee on Judicial Conduct and Disability. The case represents a significant clash over the extent to which judicial councils can exercise authority over individual judges.Nation's Oldest Judge Claps Back as She Seeks Reinstatement (1) Get full access to Minimum Competence - Daily Legal News Podcast at www.minimumcomp.com/subscribe
On this day in legal history in 1946 the Nuremberg executions were carried out, following the trials of ten high level officials of the Third Reich.On October 16, 1946, a somber chapter in the aftermath of World War II closed with the Nuremberg executions. Ten prominent members of the Nazi regime were hanged, marking the end of the historic Nuremberg trials that sought justice for crimes against humanity, war crimes, and genocide. The executed men included Hans Frank, Wilhelm Frick, Alfred Jodl, Ernst Kaltenbrunner, Wilhelm Keitel, Joachim von Ribbentrop, Alfred Rosenberg, Fritz Sauckel, Arthur Seyss-Inquart, and Julius Streicher. Hermann Göring, another top Nazi official scheduled to be executed, evaded the noose by committing suicide the night before.These executions took place in the gymnasium of Nuremberg Prison and were carried out by the United States Army. Master Sergeant John C. Woods and his assistant, military policeman Joseph Malta, were the executioners. They used the standard drop method instead of the long drop, which led to considerable controversy as some of the men did not die quickly from a broken neck, but slowly strangled to death. Reports indicated that some hangings took from 14 to 28 minutes, leading to claims of botched executions, which the Army later denied.The order of the executions began at 1:11 a.m. with von Ribbentrop and spanned just about two hours. The condemned men were allowed final statements, many of which expressed a mix of nationalistic sentiments, pleas for peace, and even denial of guilt. For instance, Ribbentrop's final words were a wish for understanding between East and West, and for peace in the world. On the other hand, Fritz Sauckel claimed his innocence and asked God to make Germany great again.Kingsbury Smith of the International News Service provided an eyewitness account, complete with photographs, that later appeared in newspapers. The initial belief was that the bodies were taken to Dachau for cremation. However, they were actually incinerated in a crematorium in Munich, and the ashes were scattered over the river Isar.The Nuremberg executions and the trials that preceded them remain landmarks in the evolution of international law and human rights. While they meted out justice to some of the perpetrators of the Holocaust and other wartime atrocities, they also ignited debates on judicial ethics and the very nature of evil. Thus, October 16 serves not just as a grim remembrance of the punishment meted out to some of history's worst criminals, but also as a milestone in the ongoing global dialogue about justice and accountability.Judge David R. Jones, a top U.S. Bankruptcy Judge for the Southern District of Texas, has resigned amid an ethics investigation. The Fifth Circuit Court of Appeals issued a formal misconduct complaint against him for not disclosing his live-in relationship with Elizabeth Freeman, an attorney at Jackson Walker LLP, a prominent bankruptcy firm. In a statement, Jones said he had become a "distraction" to the court's work and resigned to refocus attention on the court. His departure may trigger further scrutiny of the high-profile Chapter 11 cases he had overseen, including those involving Neiman Marcus, JCPenney, Seadrill Ltd., and Chesapeake Energy.The misconduct complaint was lodged by Chief Judge Priscilla Richman of the U.S. Court of Appeals for the Fifth Circuit, which has jurisdiction over federal courts in Louisiana, Mississippi, and Texas. Freeman and Jones have lived together since 2017, and Jones approved attorney fees for Jackson Walker and even recommended Freeman for professional positions without disclosing their relationship. Richman stated there was "probable cause to believe that Judge Jones has engaged in misconduct."Jackson Walker learned of the relationship allegation in March 2021 and instructed Freeman to stop working on cases overseen by Jones. The firm claims to have acted responsibly, including conducting a full inquiry and consulting external ethics counsel. Freeman left the firm in late 2022. Jones was sworn in as a bankruptcy judge in 2011 and was instrumental in making the Southern District of Texas a popular venue for large corporate Chapter 11 cases.Jones defended his actions by stating he and Freeman were not married and that he had no economic interest in her cases. However, Richman cited instances where Jones violated the code of conduct for U.S. judges, including not recusing himself where impartiality could be questioned. The Department of Justice's bankruptcy watchdog also questioned a bankruptcy plan mediated by Jones involving a party represented by Freeman.As of now, it is unclear whether the federal appeals court investigation into Jones will continue post-resignation. Legal experts suggest the case could have long-term ripple effects, raising questions about what other judges or firms may have known about the relationship. Calls for larger reforms in bankruptcy practice have also been ignited, emphasizing the need for expanded disclosures and better regulation.Texas Bankruptcy Judge Resigns After His Ethics Questioned (2)Top US bankruptcy judge resigns amid ethics inquiry | ReutersCalifornia Governor Gavin Newsom has signed into law a bill to regulate the state's cryptocurrency industry, which hosts nearly a quarter of all blockchain companies in North America. The legislation comes in the wake of issues like last year's collapse of the FTX exchange and aims to establish a basic regulatory framework. Newsom, who is a proponent of blockchain innovation, had previously vetoed similar legislation but suggests that the current measure may still require further refinement for clarity.The law, known as AB 39, is paired with another bill, SB 401, which targets cryptocurrency kiosks, ATM-like machines where cryptocurrencies can be bought or exchanged. Both bills were signed by the governor. AB 39 seeks to replicate New York's licensing system for cryptocurrency businesses, requiring various safety protocols, documentation, and fees. Businesses will also need to disclose if their services are insured and must maintain a customer phone line. Enforcement actions, including revoking licenses and imposing civil penalties of up to $20,000 per day, will be handled by the state Department of Financial Protection and Innovation.SB 401 imposes restrictions on crypto kiosks, capping transactions at $1,000 per day and limiting charges to a maximum of $5 or 15% of the transaction value. Documentation requirements have also been stipulated for greater accountability. Consumer advocates believe that these laws are essential for curbing fraud in the cryptocurrency sector. However, industry groups like the Crypto Council for Innovation, representing companies such as Coinbase and Gemini, have opposed both bills. They argue that the laws need more exemptions for smaller companies and more clarity around the licensing process, while also claiming that the kiosk restrictions could effectively put such businesses out of operation.Gov. Newsom Signs Crypto Licensing Bill in CaliforniaSen. Robert Menendez of New Jersey has been indicted for allegedly acting as a foreign agent for Egypt, which has led to renewed scrutiny of his role in blocking reforms to the Foreign Agents Registration Act (FARA). Menendez, a Democrat, had substantial influence over FARA-related legislation in his capacity as chair of the Senate Foreign Relations Committee, a position he stepped down from following a previous corruption indictment. He has been identified as a significant obstacle to legislative efforts to modernize FARA, a law dating back to 1938 that requires disclosure for those acting on behalf of foreign interests.Bipartisan calls for reforming FARA have been growing, especially as the Department of Justice has increased its investigations under the law since 2016. However, comprehensive updates have failed to gain traction. Menendez had publicly blocked an expedited vote on FARA reform in 2020 and also worked behind the scenes to thwart changes to the foreign lobbying disclosure law. His indictment has now raised questions about whether his actions were motivated by a desire to cover his own activities related to Egypt.Menendez explained his 2020 decision to block a FARA package by urging a more comprehensive look at the proposed changes. A spokesperson for Sen. Charles Grassley, who backed the FARA reform, stated that Menendez has not been cooperative on FARA reform since the 2020 defeat of the proposal. Menendez, who is not charged under FARA but under a different statute pertaining to public officials, has denied any wrongdoing.The indictment against Menendez has reinvigorated discussions about the need for FARA reform. Legal experts suggest that his case could be a catalyst for legislative action, much like past scandals have precipitated changes in lobbying laws. The removal of Menendez from his committee position could also remove a significant barrier to FARA reform.The Justice Department alleges that Menendez conspired with officials who should have been registered under FARA, raising the stakes for reforms to the law, which has multiple ambiguities and outdated language. If Menendez is proven to have acted on Egypt's behalf, it could make it difficult for Congress to ignore calls for reform, especially given that Menendez had been urging the DOJ to investigate a Republican politician under FARA.Menendez Indicted as Foreign Agent After Thwarting Related BillU.S. prosecutors are expected to request a judge to restrict former President Donald Trump's public comments about a federal case that accuses him of attempting to overturn his loss in the 2020 election. The hearing is planned by U.S. District Judge Tanya Chutkan and aims to consider Special Counsel Jack Smith's bid to prevent Trump from discussing potential witnesses and making disparaging remarks about prosecutors, court staff, and potential jurors. Smith has pointed to Trump's "inflammatory public statements," including social media attacks, arguing that they could undermine public confidence in the legal process and possibly sway jurors.Trump, who is not expected to attend the hearing, has strongly opposed this request, describing it as an attempt to limit his free speech while he is running for the Republican presidential nomination in 2024. The issue has become an early contentious point, approximately five months ahead of Trump's scheduled trial. The former president is charged with conspiracy to interfere in the vote counting and blocking the certification of the 2020 election, which he lost to Joe Biden.Trump has pleaded not guilty and accuses the prosecutors of interfering with his campaign. This is one of four criminal cases brought against him by federal and state prosecutors this year. Earlier this month, a New York judge issued a gag order against Trump in a civil fraud trial, prohibiting him from speaking about court staff.In a court filing, prosecutors cited comments Trump made on his Truth Social site about potential witnesses, including former Vice President Mike Pence and former top U.S. general Mark Milley. They argue that Trump's remarks are consistent with threatening behavior he exhibited after the 2020 election, which led to threats from his supporters against election officials.Trump's legal team has responded by saying there is no evidence to suggest that his social media posts have adversely affected the case. They accuse prosecutors of trying to impose broad restrictions on Trump's ability to criticize the government. Trump's lawyers argue that the proposed gag order is an attempt by the Biden administration to unlawfully silence its major political opponent.Special Counsel Jack Smith was appointed to provide the investigation a degree of independence from the political leadership of the U.S. Justice Department. Prosecutors have previously refuted allegations of political interference.Prosecutors aim to persuade judge to rein in Trump comments on election case | ReutersMicrosoft has successfully completed its $69 billion acquisition of Activision Blizzard, making franchises like Call of Duty officially part of Xbox. The deal makes Microsoft the second-largest gaming company in the world, surpassing Sony. It also greatly expands the catalog for Microsoft's Xbox Game Pass subscription service, with Activision Blizzard titles like Overwatch 2, Diablo IV, and World of Warcraft, while boosting Microsoft's presence in mobile gaming through titles like Candy Crush and Call of Duty Mobile. Microsoft has signed a 10-year agreement to keep Call of Duty on PlayStation but may make other Activision Blizzard franchises exclusive to Xbox.The acquisition expands Microsoft's gaming business by roughly 10,000 employees. Activision Blizzard CEO Bobby Kotick will remain with the company through the end of 2023, reporting to Microsoft Gaming CEO Phil Spencer. Microsoft has agreed to union neutrality, and Activision Blizzard employees will have the opportunity to recognize a union through a simple card check process starting 60 days from now.The deal was initially announced in January 2022 after Activision Blizzard faced a drop in stock price due to major game delays and reports of sexual harassment within the company. Contrary to previous expectations that Kotick would resign after the deal, he is set to stay on and stands to make nearly $400 million from the sale via his stock holdings.Legal battles almost derailed the merger, with the Federal Trade Commission attempting to block it, resulting in a week-long trial. However, Microsoft managed to clear the regulatory hurdles, including agreeing to sell cloud gaming rights for Activision Blizzard games in the UK to Ubisoft to satisfy the UK's Competition and Markets Authority.Going forward, Microsoft faces the challenge of integrating Activision Blizzard into its existing gaming operations, a process that is expected to take years. This acquisition significantly amplifies Microsoft's gaming business, coming after its 2020 purchase of Bethesda Softworks' parent company ZeniMax, and sets the stage for future industry consolidation.Microsoft Finally Closes Massive Activision Blizzard Deal, Making Call Of Duty Officially Part Of Xbox Now Get full access to Minimum Competence - Daily Legal News Podcast at www.minimumcomp.com/subscribe
On this episode of Rehash, we speak with Rebecca Rettig, Chief Legal and Policy Officer at Polygon Labs, about the current state of crypto regulation around the world.This is the first legal and policy focused conversation we've had on Rehash in over a year - the last conversation we had on crypto regulation was with Katherine Wu from Archetype and Crypto Council for Innovation all the way back in Season 2. The main difference I wanted to touch on in this episode (other than just getting a more current take on where crypto regulation currently stands) is getting a more global perspective on how different countries or regions of the world are looking at crypto. Rebecca talks about key pieces of crypto legislation like MiCA (Markets in Crypto Assets) in the EU and FIT (Financial Innovation and Technology for the 21st Century Act) in the US and shares her perspectives on which countries have the most crypto friendly policies.We focus most of the conversation on crypto policy, but we do chat a bit on the legal front as well. Rebecca talks about some key court cases we've seen recently in the U.S., such as the Coinbase case, and shares her take on what she believes the SEC's strategy is and what that means for us as people building and working in the industry.Finally we wrap up with some spicy questions from our community, like how to stay out of jail as someone building in web3 or whether crypto will ever succeed in the U.S.Rebecca was nominated by Carsten and voted onto the podcast by Justin Conley, Katelyn Donnelly, Zayi Reyes, Meg Lister, Aaron Soskin, David Silverman, anon, and Carsten.COLLECT THIS EPISODEhttps://www.rehashweb3.xyz/ FOLLOW USRehash: https://twitter.com/rehashweb3Diana: https://twitter.com/ddwchenRebecca: https://twitter.com/RebeccaRettig1TheValueProp: https://thevalueprop.io/ SPONSORSLens Protocol: https://lens.xyzLivepeer: https://livepeer.org LINKSMarkets in Crypto Assets (MiCA)Financial Innovation and Technology for the 21st Century Act (FIT)Crypto435TheValuePropGet involved in policy: Email policy@polygon.technology TIMESTAMPS0:00 Intro4:00 The shift from legal to policy7:43 Infrastructure provider vs dapp provider9:29 Non-financial use cases for crypto10:02 High level overview of global crypto policy14:49 Government 101 (US)19:12 What is the SEC's strategy?20:39 People used to hate telephones20:51 SEC's lawsuit against Coinbase24:57 What will happen to DAOs and NFT projects without legal protections?26:36 Best advice for DAOs29:20 Will the US ever embrace crypto?30:56 Wyoming DAO LLCs31:58 Which country's laws apply?33:48 Most important crypto legislation takeaways36:06 How can I help push crypto policy forward?38:37 Will crypto ever succeed in the U.S.?39:25 Best places to live for web3 nomads40:03 How to stay out of jail 42:51 Follow Rebecca DISCLAIMER: The information in this video is the opinion of the speaker(s) only and is for informational purposes only. You should not construe it as investment advice, tax advice, or legal advice, and it does not represent any entity's opinion but those of the speaker(s). For investment or legal advice, please seek a duly licensed professional.
Stronghold CEO and Co-founder Tammy Camp sit down with Sheila Warren, CEO of the Crypto Council for Innovation. Based in San Francisco, Warren was the head of data, blockchain, and digital assets at the World Economic Forum. She began her career as a Wall Street attorney before turning to philanthropy and civic technology. Warren currently co-hosts CoinDesk's top show, Money Reimagined, and serves as a member on several crypto and financial industry boards. In this interview Sheila sheds light on her efforts to build a more inclusive crypto industry, advocating for the economic empowerment of historically excluded communities, and stresses the need for a measured regulatory approach that doesn't stifle innovation. Warren's vision foresees a crypto industry that transcends economic disparity and gender gap, promoting financial inclusion and accessibility to all.Interested in learning more about the Crypto Council for Innovation? Find them on Twitter and LinkedIn.To learn more about Stronghold, find us on Youtube, Twitter, Instagram, and LinkedIn, or join our popular Discord!If you know someone who you think would be great on Speak Bold, don't hesitate to reach out at podcast@stronghold.coNew episodes of Speak Bold drop every two weeks.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Join Alex Tapscott as he decodes the world of DeFi with special guest Sheila Warren, CEO of the Crypto Council for Innovation. Listen in as they discuss Sheila's Web3 origin story, experience spearheading blockchain at the World Economic Forum, day-to-day work at the Crypto Council for Innovation and its source of funding, root causes of the banking crisis, the big geopolitical picture in the race to establish clear legislation governing crypto, and more!
Which countries around the world are welcoming towards crypto and blockchain innovation? How can we help advance these technologies both home and abroad? That's the mission of Sheila Warren, CEO of the Crypto Council for Innovation. Formerly the Head of Blockchain at the World Economic Forum, Sheila's lives, breathes, eats and sleeps unlocking the promise of Web3. Today we discuss how America is falling behind and reveal which countries are doing a great job of stimulation innovation. As a lawyer, Sheila has lots of words. And they're all really smart. So come listen to smart words, dunk on America and feel optimistic about where things are headed in the brave new blockchain world on episode #681 of The Bad Crypto Podcast. Full Show Notes at: http://badco.in/ SUBSCRIBE, RATE, & REVIEW: Apple Podcast: http://badco.in/itunes Google Podcasts: http://badco.in/google Spotify: http://badco.in/spotify Amazon Music: http://badco.in/amazon FOLLOW US ON SOCIAL MEDIA: Twitter: @badcryptopod - @joelcomm - @teedubya Facebook: /BadCrypto - /JoelComm - /teedubyaw Facebook Mastermind Group: /BadCrypto LinkedIn: /in/joelcomm - /in/teedubya Instagram: @BadCryptoPodcast Email: badcryptopodcast[at]gmail[dot]com Phone: SEVEN-OH-8-88FIVE- 90THIRTY BE A FEATURED GUEST: http://badco.in/apply DISCLAIMER: Do your own due diligence and research. Joel Comm and Travis Wright are NOT FINANCIAL ADVISORS. We are sharing our journey with you as we learn more about this crazy little thing called cryptocurrency. We make NO RECOMMENDATIONS. Don't take anything we say as gospel. Do not come to our homes with pitchforks because you lost money by listening to us. We only share with you what we are learning and what we are investing it. We will never "pump or dump" any cryptocurrencies. Take what we say with a grain of salt. You must research this stuff on your own! Just know that we will always strive for RADICAL TRANSPARENCY with any show associations. Support the show: https://badcryptopodcast.comSee omnystudio.com/listener for privacy information.
Today's episode is sponsored by Origin Dollar: With U.S. inflation still at 5% and multiple CeFi lending platforms bankrupt, DeFi protocols that earn interest on stablecoins are again back on crypto investors' minds. See here for more details: http://realvision.com/origindollar What does the second-largest bank failure in U.S. history mean for crypto and regulation? Brett Quick, head of government affairs for the Crypto Council for Innovation, joins Ash Bennington to discuss the collapse of First Republic Bank, what it means for crypto investors, and why the regulator's aggressive actions might be a silver lining for the industry. Learn more about your ad choices. Visit podcastchoices.com/adchoices
Brett Quick is the Head of Government Affairs for Crypto Council for Innovation. Brett brings considerable public sector experience to her new role having worked in the U.S. House of Representatives and U.S. Senate in key financial services roles. As staff director of the Senate Banking Committee's National Security, International Trade and Finance subcommittee and Deputy Chief of Staff for House Financial Services Committee Chairman Emeritus Spencer Bachus, Brett worked across the financial services ecosystem -- on Capitol Hill, with the administration, and across party lines in order to achieve lasting policy goals Most recently, as Co-Head of Government Affairs for the Financial Services Forum, Brett has coordinated the macro prudential regulatory strategy of member companies with Congress and the agencies. EPISODE LINKS Brett's LinkedIn: https://www.linkedin.com/in/brett-qui... Brett's Twitter: https://twitter.com/brettwquick Crypto Council for Innovation website: https://cryptoforinnovation.org/ Crypto Council for Innovation on Twitter: https://twitter.com/crypto_council PODCAST INFO Podcast website: https://podcast.pgpforcrypto.org Apple Podcasts: https://podcasts.apple.com/us/podcast... RSS: https://feed.pod.co/pgp-for-crypto-po... HOST INFO Gary Weinstein's Twitter: https://twitter.com/Gary_Weinstein_ Gary Weinstein's LinkedIn: https://www.linkedin.com/in/garyweins... Paul Brigner's Twitter: https://twitter.com/paulbrigner Paul Brigner's LinkedIn: https://www.linkedin.com/in/paulbrigner/ Electric Coin Co. Website: https://electriccoin.co Electric Coin Co. Twitter: https://twitter.com/ElectricCoinCo TIMESTAMPS 00:00:00 Welcome 00:01:18 Introduction 00:02:45 Overview of Crypto Council for Innovation and Its Mission in Shaping Responsible Crypto Regulation 00:04:44 Brett Quick's Journey from Traditional Finance to Crypto Council for Innovation 00:08:58 Insights from Traditional Finance, Differences in Regulatory Environments, and Lessons for Crypto Regulation 00:13:36 Rethinking Regulation for Crypto and the Digital Future 00:20:16 Evolving Perception of Crypto and Blockchain in the US Government 00:23:53 Addressing Illicit Finance Risks in Crypto and the Need for Tailored Education for Policymakers 00:33:15 Financial Inclusion, Crypto Use Cases, and the Importance of Education for Policymakers 00:41:30 Challenges in Regulating Crypto: Comparing the US and the EU 00:45:59 Blockchain and Crypto in the Global Economy: Lessons from the Semiconductor Industry 00:50:37 Traditional Finance and Crypto: Collaboration, Competition, and Regulatory Challenges 00:54:06 Advice for Transitioning from Traditional Finance to Crypto and Key Aspects to be Prepared For 00:58:25 Evolution of the Regulatory Landscape for Crypto and the Importance of International Cooperation 01:01:32 Collaboration Between the Crypto Industry and Governments for a Favorable Regulatory Environment? 01:06:03 Unlocking Crypto's Potential through Responsible Regulation 01:09:11 Conclusion and How to Connect with Brett and CCI DISCLAIMER Please be advised that the information provided in this podcast is for informational and educational purposes only and is not to be taken as legal or financial advice. The opinions and views expressed by our guests are their own and may not reflect the official stance of the organizations they represent or those of Electric Coin Co. Always consult a legal or financial professional before making any decisions.
Sheila Warren is the CEO of the Crypto Council for Innovation. In this interview we discuss the Crypto banking crisis, US crypto regulations, SEC Ripple XRP lawsuit and Grayscale SEC case, CBDCs and more.
Sheila Warren, CEO of the Crypto Council for Innovation, and Miller Whitehouse-Levine, Policy Director of the DeFi Education Fund, offer insider takes on how lawmakers and regulators are viewing crypto after FTX's catastrophic failure. Both expect heightened activity in the U.S. from what they're calling the “Crypto Congress.” Will this be the year for stablecoin regulation? Is DeFi still in the crosshairs? What about Ripple's fight with the SEC? The two crypto policy experts look to the U.S. and beyond for what regulatory battles lie ahead in 2023. Show highlights: why the current environment in Washington makes it difficult to pass new legislation whether the opinion of members of Congress on crypto has changed in the aftermath of FTX's alleged fraud how Elizabeth Warren and others are using the FTX collapse to prove their anti-crypto stance whether it's possible to prevent a fallout like FTX from ever happening again why Miller believes that this year Congress will be “absolutely obsessed” with crypto what stablecoin legislation would look like, and why stablecoins are more likely to be regulated sooner why Sheila thinks Ripple could win its case against the SEC why they believe the SEC's failure to approve a spot Bitcoin ETF is a logical inconsistency why they think it's not possible to apply TradFi rules to DeFi technology how more policymaker education needs to be done how OFAC sanctioning Tornado Cash sparked many conversations among researchers and policymakers the role of the government in preserving national security how MiCA took an appropriately slow approach to imposing DeFi regulations the impact of China and India adopting digital currencies why Miller thinks China's digital yuan is “the apotheosis of a totalitarian technology” Thank you to our sponsors! Crypto.com FTSE Links Previous coverage of Unchained on crypto legislation: Why Bitcoin Now: Michael Casey and Niall Ferguson on How Bitcoin Fits in the History of Money Kristin Smith on Why Crypto Legislation Could Be Passed by Year's End Why Senator Pat Toomey Thinks SEC Chair Gary Gensler Is Wrong About Crypto Guests: Sheila: Twitter Miller: LinkedIn FTX CoinDesk: After FTX: How Congress Is Gearing Up to Regulate Crypto Congress' FTX Problem: 1 in 3 Members Got Cash From Crypto Exchange's Bosses After FTX: How Congress Is Gearing Up to Regulate Crypto CNBC: House Republicans move to regulate crypto industry with a new subcommittee MiCA CoinDesk: Analyzing What's Next for Europe's Markets in Crypto Assets Law EU's MiCA Crypto Law Would Have Stopped FTX's Malpractice, Officials Say Others Project Hamilton - Building a Hypothetical Central Bank Digital Currency U.S. Treasury Sanctions Notorious Virtual Currency Mixer Tornado Cash Tornado Cash is no “golem.” It's a tool for privacy and free speech. - Coin Center Learn more about your ad choices. Visit megaphone.fm/adchoices
Sheila Warren, CEO of the Crypto Council for Innovation, and Miller Whitehouse-Levine, Policy Director of the DeFi Education Fund, offer insider takes on how lawmakers and regulators are viewing crypto after FTX's catastrophic failure. Both expect heightened activity in the U.S. from what they're calling the “Crypto Congress.” Will this be the year for stablecoin regulation? Is DeFi still in the crosshairs? What about Ripple's fight with the SEC? The two crypto policy experts look to the U.S. and beyond for what regulatory battles lie ahead in 2023. Show highlights: why the current environment in Washington makes it difficult to pass new legislation whether the opinion of members of Congress on crypto has changed in the aftermath of FTX's alleged fraud how Elizabeth Warren and others are using the FTX collapse to prove their anti-crypto stance whether it's possible to prevent a fallout like FTX from ever happening again why Miller believes that this year Congress will be “absolutely obsessed” with crypto what stablecoin legislation would look like, and why stablecoins are more likely to be regulated sooner why Sheila thinks Ripple could win its case against the SEC why they believe the SEC's failure to approve a spot Bitcoin ETF is a logical inconsistency why they think it's not possible to apply TradFi rules to DeFi technology how more policymaker education needs to be done how OFAC sanctioning Tornado Cash sparked many conversations among researchers and policymakers the role of the government in preserving national security how MiCA took an appropriately slow approach to imposing DeFi regulations the impact of China and India adopting digital currencies why Miller thinks China's digital yuan is “the apotheosis of a totalitarian technology” Thank you to our sponsors! Crypto.com FTSE Links Previous coverage of Unchained on crypto legislation: Why Bitcoin Now: Michael Casey and Niall Ferguson on How Bitcoin Fits in the History of Money Kristin Smith on Why Crypto Legislation Could Be Passed by Year's End Why Senator Pat Toomey Thinks SEC Chair Gary Gensler Is Wrong About Crypto Guests: Sheila: Twitter Miller: LinkedIn FTX CoinDesk: After FTX: How Congress Is Gearing Up to Regulate Crypto Congress' FTX Problem: 1 in 3 Members Got Cash From Crypto Exchange's Bosses After FTX: How Congress Is Gearing Up to Regulate Crypto CNBC: House Republicans move to regulate crypto industry with a new subcommittee MiCA CoinDesk: Analyzing What's Next for Europe's Markets in Crypto Assets Law EU's MiCA Crypto Law Would Have Stopped FTX's Malpractice, Officials Say Others Project Hamilton - Building a Hypothetical Central Bank Digital Currency U.S. Treasury Sanctions Notorious Virtual Currency Mixer Tornado Cash Tornado Cash is no “golem.” It's a tool for privacy and free speech. - Coin Center Learn more about your ad choices. Visit megaphone.fm/adchoices
It is true that times have changed, but the industry hasn't done itself any favors recently when it comes to its reputation. Concerning the fabric of financial services, things are never that straightforward. The last year has demonstrated that there has indeed been fraud, manipulation and illegal activity involving crypto, although not directly related to crypto. So what is next in the complicated web of financial integrity and national security?On this episode of “Money Reimagined,” while Michael Casey is in Davos, Switzerland, host Sheila Warren speaks with two of the foremost experts on this topic, Dr. Marcus Pleyer, the former president of the Financial Action Task Force and now the deputy director general of Germany's Federal Ministry of Finance; and Yaya Fanusie, director of policy for AML and cyber risk at the Crypto Council for Innovation and an Adjunct Senior Fellow at the Center for a New American Security (CNAS).-This episode was produced and edited by Michele Musso with announcements by Adam B. Levine and our executive producer, Jared Schwartz. Our theme song is “Shepard.”See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
It is true that times have changed, but the industry hasn't done itself any favors recently when it comes to its reputation. Concerning the fabric of financial services, things are never that straightforward. The last year has demonstrated that there has indeed been fraud, manipulation and illegal activity involving crypto, although not directly related to crypto. So what is next in the complicated web of financial integrity and national security?On this episode of “Money Reimagined,” while Michael Casey is in Davos, Switzerland, host Sheila Warren speaks with two of the foremost experts on this topic, Dr. Marcus Pleyer, the former president of the Financial Action Task Force and now the deputy director general of Germany's Federal Ministry of Finance; and Yaya Fanusie, director of policy for AML and cyber risk at the Crypto Council for Innovation and an Adjunct Senior Fellow at the Center for a New American Security (CNAS).-This episode was produced and edited by Michele Musso with announcements by Adam B. Levine and our executive producer, Jared Schwartz. Our theme song is “Shepard.”See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Taped live from the main stage at the CES conference in Las Vegas, CEO of Crypto Council for Innovation Sheila Warren and Niki chat about all things crypto. After the crypto earthquake of FTX and the beginning of another crypto winter, what aftershocks does the industry face? Sheila shares why she's still a true believer in the blockchain. Follow Sheila Warren on LinkedInLearn more about CCICheck out CESFollow Niki on Twitter
FTX, at one point the world's third largest cryptocurrency exchange, went bankrupt, causing the entire cryptocurrency industry to crash. In this episode, hear highlights from Congressional testimony that will explain how FTX was able to grow so large while committing blatant fraud, how it's possible that the government didn't know and didn't do anything to stop it, and hear about a Senate bill that's branded as a solution but has concerning flaws of it's own. Please Support Congressional Dish – Quick Links Contribute monthly or a lump sum via PayPal Support Congressional Dish via Patreon (donations per episode) Send Zelle payments to: Donation@congressionaldish.com Send Venmo payments to: @Jennifer-Briney Send Cash App payments to: $CongressionalDish or Donation@congressionaldish.com Use your bank's online bill pay function to mail contributions to: 5753 Hwy 85 North, Number 4576, Crestview, FL 32536. Please make checks payable to Congressional Dish Thank you for supporting truly independent media! View the show notes on our website at https://congressionaldish.com/cd265-policing-ftx Background Sources Recommended Congressional Dish Episodes CD264: Cryptocurrencies and Blockchain CD235: The Safe Haven of Sanctions Evaders What is FTX? “What is FTX?” Timothy Smith. Dec 22, 2022. Investopedia. Crypto Regulation “U.S. Senate Is Still Confused About How to Regulate Crypto After FTX Collapse.” Kyle Barr. Dec 1, 2022. Gizmodo. “Congressmembers Tried to Stop the SEC's Inquiry Into FTX.” David Dayen. Nov 23, 2022. The American Prospect. “We Already Have Laws to Stop Crypto Fraud.” David Dayen. Nov 17, 2022. The American Prospect. “Why Is Congress Still Writing Crypto Regulations?” David Dayen. Nov 10, 2022. The American Prospect. “Letter to SEC Chair Gary Gensler Regarding Cryptocurrency Inquiries.” Tom Emmer et al. Mar 16, 2022. “Letter to SEC Chair Gary Gensler Regarding Cryptocurrency Inquiries.” emmer.house.gov. Lead-up to FTX Collapse “In about-face, Crypto exchange Binance pulls out of FTX acquisition.” Elizabeth Napolitano. Nov 9, 2022. NBC News. "Crypto exchange FTX saw $6 bln in withdrawals in 72 hours." Tom Wilson and Angus Berwick. Nov 8, 2022. Reuters. “Crypto exchange FTX saw $6 bln in withdrawals in 72 hours.” Tracy Wang and Oliver Knight. Nov 6, 2022. “Binance to Sell Rest of FTX Token Holdings as Alameda CEO Defends Firm's Financial Condition.” Tracy Wang and Oliver Knight. Nov 6, 2022. CoinDesk. “Divisions in Sam Bankman-Fried's Crypto Empire Blur on His Trading Titan Alameda's Balance Sheet.” Ian Allison. Nov 2, 2022. CoinDesk. “Re: Potential Violations of Section 18(a)(4) of the Federal Deposit Insurance Act.” Seth. P Rosebrock, Assistant General Counsel, Enforcement, FDIC. Aug 18, 2022. FDIC. Tom Emmer “SEC Chair Gary Gensler Must Testify Before Congress, Says Rep. Tom Emmer.” André Beganski. Dec 11, 2022. Decrypt. “Meet Tom Emmer, a powerful crypto advocate in a crypto-wary Congress.” Tony Romm. Dec 8, 2022. The Washington Post. “House GOP picks Emmer as GOP whip, Scalise as leader.” Emily Brooks and Mychael Schnell. Nov 15, 2022. The Hill. FTX Collapse “FTX Effort to Save Itself Failed on Questionable Assets.” Shane Shifflett, Rob Barry, and Coulter Jones. Dec 5, 2022. The Wall Street Journal. “FTX Founder Sam Bankman-Fried Says He Can't Account for Billions Sent to Alameda.” Alexander Osipovich. Dec 3, 2022. The Wall Street Journal. “5 major revelations about the collapse of crypto giant FTX.” David Gura. Nov 23, 2022. NPR. “FTX says it owes more than $3 billion to creditors.” Steven Zeitchik. Nov 20, 2022. The Washington Post. “Declaration of John J. Ray III in Support of Chapter 11 Petitions and First Day Pleadings” [Case 22-11068-JTD] Nov 17, 2022. PACER. “Exclusive: At least $1 billion of client funds missing at failed crypto firm FTX.” Angus Berwick. Nov 11, 2022. Reuters. “FTX chief Sam Bankman-Fried resigns as firm files for bankruptcy.” Jacob Bogage and Tory Newmyer. Nov 11, 2022. The Washington Post. “FTX Tapped Into Customer Accounts to Fund Risky Bets, Setting Up Its Downfall.” Vicky Ge Huang, Alexander Osipovich, and Patricia Kowsmann. Nov 11, 2022. The Wall Street Journal. Lobbying and Campaign Donations “Lawmakers who benefited from FTX cash probe its collapse.” Tory Newmyer and Steven Zeitchik. Dec 1, 2022. The Washington Post. “Inside Sam Bankman-Fried's courtship of a Washington regulator.” Tory Newmyer and Peter Whoriskey. Nov 28, 2022. The Washington Post. “Congress took millions from FTX. Now lawmakers face a crypto reckoning.” Tony Romm. Nov 17, 2022. The Washington Post. “FTX Collapse Sets Back Crypto Agenda in Washington.” Paul Kiernan. Nov 14, 2022. The Wall Street Journal. “Washington lobbyists sever ties with FTX founder Sam Bankman-Fried after crypto exchange implodes.” Brian Schwartz. Nov 14, 2022. CNBC. “Sam Bankman-Fried charmed Washington. Then his crypto empire imploded.” Tory Newmyer. Nov 12, 2022. The Washington Post. “Meet the mega-donors pumping millions into the 2022 midterms.” Luis Melgar et al. Oct 24, 2022. The Washington Post. “A young crypto billionaire's political agenda goes well beyond pandemic preparedness.” Freddy Brewster. Aug 12, 2022. Los Angeles Times. Aftermath of the FTX Collapse “Factbox: Global regulatory actions against FTX.” Dec 12, 2022. Reuters. “FTX Founder Sam Bankman-Fried Is Said to Face Market Manipulation Inquiry.” Emily Flitter, David Yaffe-Bellany and Matthew Goldstein. Dec 7, 2022. The New York Times. “Clashes Over FTX Bankruptcy Go Global.” Alexander Osipovich, Alexander Saeedy and Alexander Gladstone. Dec 4, 2022. “Hot Wallets vs. Cold Wallets.” Mar 10, 2022. Cryptopedia. December 13 Hearing “Memorandum To: Members, Committee on Financial Services From: FSC Majority Staff Subject: December 13, 2022, Full Committee Hearing entitled, “Investigating the Collapse of FTX, Part I.” Dec 8, 2022. House Financial Services Committee. “Chart: Four Silos for Recover Purposes.” House Financial Services Committee. Sam Bankman-Fried Indictment “Here is the criminal indictment against Sam Bankman-Fried.” Dec 13, 2022. The New York Times. Bills S.4760 - Digital Commodities Consumer Protection Act of 2022 Audio Sources Investigating the Collapse of FTX, Part I December 13, 2022 House Committee on Financial Services Witness: John J. Ray III, CEO, FTX Group Clip Transcripts Rep. Emanuel Cleaver (D-MO): Have you read the full testimony that was planned by our missing guest [Sam Bankman-Fried]? John Ray I have not read his full testimony. Some pieces of it been relayed to me, but I've not read it. I've not read one word of it actually. Rep. Emanuel Cleaver (D-MO): Yeah, I don't know him personally and probably don't want to. But this testimony is so disrespectful. I mean, there's not a person up here would like to show this to their children. In line two of this message, he says, and I quote, "I would like to start out by firmly stating under oath...* And yeah, I can't even say it publicly. The next two words, absolutely insulting. This is the Congress of the United States. Rep. Warren Davidson (R-OH): So when when customers deposited funds into their FTX accounts, where did the cash go? John Ray: Well, sometimes the money wasn't deposited in the FTX account it was sent to Alameda to begin with. Rep. Warren Davidson (R-OH): It was misdirected from from the start straight to Alameda. John Ray: There was certainly some time period where there's no bank account at .com and then ultimately, if you look at the structure of this, Alameda is essentially a customer on that .com exchange, and effectively, you know, borrowed money from or just transferred money from FTX customers to take its own positions on the Alameda hedge fund. Rep. Patrick McHenry (R-NC): So Alameda research and the venture capital business, what did Alameda research do? John Ray: Essentially made crypto investments, engaged in margin trading, took long and short positions in crypto, essentially invested in crypto. But of course, we now know also invested in over $5 billion of other assets which are in a variety of sectors. Patrick McHenry (R-NC): Can you describe the differences between the FTX.com and FTX.us silos? John Ray: Yes. Very simply FTX.us was for US citizens who wanted to trade crypto; FTX.com, US citizens were not allowed to trade on that exchange. That's very simple. And I would make one other comment, which is separate apart from any of those two silos. It was ledger x, which is a regulated entity regulated by the CFTC, solvent and separate from the FTX.us silo. Patrick McHenry (R-NC): Okay, and that is a distinct silo, that's a distinct company? John Ray: That is a distinct company within the US silo, yes. Patrick McHenry (R-NC): Okay. Patrick McHenry (R-NC):: What was the relationship between FTX.com and FTX.us? Was is there a distinction between the two? John Ray: There was a public distinction between the two. What we're seeing now is that the crypto assets for both ftx.com and for FTX.us were housed in the same database. It's called the AWS system, which is just an acronym for Amazon Web Services. It was all housed in the same web format. Patrick McHenry (R-NC):: And is that distinct from Alameda's assets? John Ray: Yes, it is. John Ray: In essence you know, Alameda was a user, effectively a customer, of FTX.com. That's how it was essentially structured. John Ray: There was no audit at Alameda, no audit at the venture silo. There was audit at the US silo and also audit at the the .com silo. I can't speak to the integrity or quality of those audits. We're reviewing, obviously, the books and records. And as I've said earlier, you know, much of those books and records were maintained on a fairly unsophisticated ledger ledger which works workbooks. John Ray: It's an extensive list, it really crosses the entire spectrum of the company, from lack of lists of bank accounts, hundreds of bank accounts dispersed all over the world, lack of a complete list of employees and their functions by group or name, extensive use of independent contractors as opposed to employees, lack of insurance that you'd normally would see in certain businesses, either inadequate insurance or complete gaps in insurance. For example, the Alameda silo had no insurance whatsoever. So those are I mean, there's, the list goes on and on. You know, we could spend all day on them. John Ray: While many things are unknown at this stage, we're at a very preliminary stage, many questions remain, we know the following. First customer assets at ftx.com were commingled with assets from the Alameda trading platform. That much is clear. Second, Alameda used client funds to engage in margin trading, which exposed customer funds to massive losses. Third, the FTX group went on a spending binge in 2021 and 2022, during which $5 billion was spent on a myriad of businesses and investments, many of which may only be worth a fraction of what was paid for them. Fourth, loans and other payments were made to insiders in excess of $1.5 billion. Fifth, Alameda's business model as a market maker required funds to be deployed to various third party exchanges, which were inherently unsafe and further exacerbated by the limited protections offered in certain of those foreign jurisdictions. John Ray: I accepted the position of Chief Executive Officer of FTX in the early morning hours of November 11 [2022]. It immediately became clear to me that chapter 11 was the best course available to preserve any remaining value of FTX. Therefore, my first act as CEO was authorized the chapter 11 filings. John Ray: It's virtually unlimited in terms of the lack of controls: no centralized records on banking, no daily reconciliations of crypto assets, silos where there's no insurance, inadequate insurance, no independent board, no safeguards that limit, who controls and asset. So senior management literally could get access to any of the accounts in any of the silos. No separateness between customer money and other customer money or other other assets. It's virtually unlimited in terms of the lack of controls. And that's really the point of the unprecedent comment. I've just never seen anything like it in 40 years of doing restructuring work and corporate corporate legal work. It's just a dearth of of information. John Ray: But again, users had multiple accounts. For example, if they had a different trading position, they may have opened multiple accounts. We know it's a big number. It's in the millions on the customer accounts, and we know it's several billion dollars in losses. Assigning those losses to customer accounts will be our next challenge. John Ray: The FTX group's collapse appears to stem from absolute concentration of control in the hands of a small group of grossly inexperienced and unsophisticated individuals who failed to implement virtually any of the systems or controls that are necessary for a company entrusted with other people's money or assets. Some of the unacceptable management practices identified so far include the use of computer infrastructure that gave individuals and senior management access to systems that stored customers' assets without security controls to prevent them from redirecting those assets; the storing of certain private keys to access hundreds of millions of dollars in crypto assets without effective security controls or encryption; the ability of Alameda to borrow funds held at FTX.com to be utilized for its own trading or investments without any effective limits whatsoever; the commingling of assets; the lack of complete documentation for transactions involving nearly 500 separate investments made with FTX group funds and assets. In the absence of audited or reliable financial statements, the lack of personnel and financial and risk management functions, and the absence of independent governance throughout the FTX group, a fundamental challenge we face is there in many respects we are starting from near zero in terms of the corporate infrastructure and record keeping that one would expect in a multibillion dollar corporation. John Ray: The FTX group is unusual in the sense that, you know, I've done probably a dozen large scale bankruptcies over my career, including Enron, of course. Every one of those entities had some financial problem or another, they have some characteristics that are in common. This one is unusual. And it's unusual in the sense that literally, you know, there's no record keeping whatsoever. It's the absence of record keeping. Employees would communicate, you know, invoicing and expenses on on Slack, which is essentially a way of communicating for chat rooms. They use QuickBooks, a multibillion dollar company using QuickBooks. Rep. Ann Wagner (R-MO): QuickBooks? John Ray: QuickBooks. Nothing against QuickBooks, it's very nice tool, just not for a multibillion dollar company. There's no independent board, right? We had one person really controlling this. No independent board. That's highly unusual in the size company this is. And it's made all the more complex because we're not dealing with, you know, widgets or, you know, something that's tangible. We're dealing with with with crypto, and the technological issues are made worse when you're dealing with an asset such as crypto. John Ray: I've just never seen an utter lack of record keeping. Absolutely no internal controls whatsoever. John Ray: The operation of Alameda really depended based on the way it was operated for the use of customer funds. That's the major breakdown here of funds from ftx.com, which was the exchange for non US citizens, those funds were used at Alameda to make investments and other disbursements. John Ray: There's no distinction whatsoever. The owners of the company could really run free reign across all four silos. John Ray: The loans that were given to Mr. Bankman-Fried, not just one loan it was numerous loans, some of which were documented by individual promissory notes. There's no description of what the purpose of the loan was. In one instance, he signed both as the issuer of the loan, as well as the recipient of the loan. But we have no information at this time as to what the purpose or the use of those funds were. And that is part of our investigation. John Ray: At the end of the day, we're not going to be able to recover all the losses here. Money was spent that we'll never get back. There will be losses on the international side. We're hopeful on the US side. He'll answer to others related to what happened here. Our job is just to find the assets and try to get customers their money back as quickly as possible. John Ray: Essentially, they had two exchanges that allowed users to trade crypto, and then there was the hedge fund. It's as simple as that. The users were allowed to make a variety of investments. They had a more expansive ability to trade crypto if you are a non-U.S. citizen on the .com exchange, but I know what's been described publicly is very complex. It is to some extent, but essentially, you had two exchanges, and you had a hedge fund. Inside both the US silos I've mentioned and inside the silos for .com there were regulated entities. We have regulated entities that are, for example, in Japan that are solvent, we had a regulated entity, ledger X, that was solvent. Those are sort of distinct from the other basic operations that we had, which are the two exchanges. John Ray: The principal issue that the company is facing in the crypto area, and from a technology perspective, it is different from the other bankruptcies because it's not a plane, not a boat. It's this crypto asset and it has inherently some difficulties. You know, the assets can be taken or lost. We have assets there in what are called Hot wallets, and those are in cold wallets. Hot wallets are very vulnerable to to hacking. If you've done any looking on the internet, you'll find that hacking is almost ordinary course in this business sector. They're very, lots of vulnerability to the wallets. So that's this company, unfortunately had a very, very challenging record here. You know, for some transfers there was no pathway for it. Our keys aren't stored in a centralized location. We don't know where all of our wallets are. Passwords were sometimes kept in just plain text format. So this company was sort of uniquely positioned to fail. John Ray: So funds were taken from customers, funds were invested, trading losses incurred in Alameda and then funds were deployed, that will never be valued at the same dollar amount. There was over $5 billion of investments made. Certainly, there's some value there and we'll try to get that value and sell those assets. But oftentimes, even when he made those sorts of investments, whether it was directly or through others in management, sometimes he would do that really without any pro forma or any valuation. Not really quite sure how some of the purchase price numbers were derived. So it gives you a sort of worry obviously, that the purchases were overvalued so there's a concern there as well. John Ray: Alameda was a customer, if you will, of the exchange and it's through that customer relationship, plus other arrangements, that allowed Alameda to borrow those funds, and then pick positions on the exchange like anyone, you know, who would hedge an asset in the market. He had unusually large positions, of course, and sometimes they were wrong in those positions, and they resulted in big losses. But ultimately, the commingling issue is the same in a different issue. He took the money from FTX to cover those positions and ultimately, when customers went to get their money back from .com there was a run on the bank. John Ray: The Alameda fund, well that's just the fund that drew resources from the exchanges, so it's really separate, it was not for customers per se, it was just simply a hedge fund. John Ray: For structural purposes and just for ease of presentation, we tried to take the over 100 entities and we put those in four silos. To demystify that, it's very simple. There was a U.S. silo, which was the FTX.us exchange for US investors. There was an international exchange called FTX.com. Again, for non-U.S. persons that invested in crypto. There was Alameda, which is purely a crypto hedge fund, which made other investments, venture capital type investments. Then there's a fourth entity which was purely investments. And although our investigation is not complete, those investments were most likely made with either Alameda money or money that originally came from ftx.com. But that fourth silo is just purely investments Rep. Patrick McHenry (R-NC): And who owned those four silos? John Ray: All those entities are owned or controlled by Sam Bankman-Fried. Rep. Brad Sherman (D-CA): Now I've heard from some on the other side criticizing the SEC and in July in this room I criticized the Head of Enforcement at the SEC for not going after crypto exchanges. But the fact is that without objection I'd like to put on the record a letter signed by 19 Republican members designed to push back on the SEC, a brushback pitch if you're familiar with baseball, attacking the SEC for paying attention to and I quote, "the purported risks of digital assets." And I'd like to put on the record without objection comments from eight members made in this room that were designed to attack the SEC as being Luddite and anti-innovation for their efforts. Rep. Nydia Velázquez (D-NY): Mr. Ray, a number of their debtors in the FTX group are located in offshore jurisdictions. Will this complicate the efforts to retrieve the assets of those there? If so why? John Ray: No, I don't think it will complicate it at all. The various jurisdictions, historically in bankruptcy, and I've been in a number of cross border situations, the jurisdictions will cooperate with each other. The regulators in all these jurisdictions, I think, realize that everyone's there for a common purpose, to protect the victims and recover assets for the victims of these situations. Rep. Nydia Velázquez (D-NY): How much have you been able to secure and where are most of these assets located? John Ray: We've been able to secure over a billion dollars of assets. We've secured those two cold wallets in a secure location. It's an ongoing process, though, which will take weeks and perhaps months to secure all the assets. Rep. Nydia Velázquez (D-NY): Are most creditors located in the US or foreign jurisdictions. John Ray: The majority of the creditors trade through the .com silo and are outside of this jurisdiction, although there are some foreign customers that are on the US silo, and vice versa. Rep. Ann Wagner (R-MO): Reports suggest that ftx.com transferred more than half of its customer funds, roughly $10 billion, to Alameda research. Is that accurate, sir? John Ray: Our work is not done, we don't have exact numbers for you today, but I will say it's several billion dollars, in that range, so we know that the size of the harm was significant. Rep. Maxine Waters (D-CA): Have you seen evidence of such a cover up? Have you seen evidence that there was any independent governance of Alameda separate and apart from that of the exchange? John Ray: The operations of the FTX group were not segregated. It was really operated as one company. As a result, there's no distinction virtually, between the operations of the company and who controlled those operations. Rep. Maxine Waters (D-CA): Did FTX have sufficient risk management systems and controls to appropriately monitor any leverage the business took on and the interconnections it had with businesses, like again, Alameda. John Ray: There were virtually no internal controls and no separateness whatsoever. Why Congress Needs to Act: Lessons Learned from the FTX Collapse December 1, 2022 Senate Committee on Agriculture, Nutrition, and Forestry Witness: Rostin Behnam, Chairman, Commodity Futures Trading Commission Clip Transcripts 18:30 Debbie Stabenow (D-MI): I've said this before and I'll say it again: the Digital Commodities Consumer Protection Act does not -- does not -- take authority away from other financial regulators. Nor does it make the CFTC the primary crypto regulator, because crypto assets can be used in many different ways. No single financial regulator has the expertise or the authority to regulate the entire industry. 24:30 John Boozman (R-AK): Many have asked why is the Ag Committee involved in this? The Ag Committee is involved because this committee and no other committee in the Senate is responsible for the oversight of the nation's commodity markets. Bitcoin, although a crypto currency, is a commodity. It's a commodity in the eyes of the federal courts and the opinion of the SEC Chairman, there is no dispute about this. If there are exchanges where commodities are traded, be it wheat, oil, or Bitcoin, then they must be regulated. It's simply that simple. 32:45 Rostin Behnam: I have asked Congress directly for clear authority to impose our traditional regulatory regime over the digital asset commodity market. 33:00 Rostin Behnam: I have not been shy about my encouragement of bills that contemplate shared responsibility for the CFTC and the Securities Exchange Commission, where the SEC would utilize its existing authority and reporting regime requirements for all security tokens, while the CFTC would apply its market based rules for the more limited subset of commodity tokens, which do not have the same characteristics of security tokens. 41:00 Rostin Behnam: I can though share with this committee with respect to me, my team and I have taken an initial review of my calendar and what we've observed is that my team and I met with Mr. Bankman-Fried and his team. Over the past 14 months, we met 10 times in the CFTC office at their request, all in relation to this DCO this Clearinghouse application. Nine out of the 10 times we were in Washington, one was at a widely held conference in Florida earlier this year. In addition, there were two phone calls, I believe, and a number of messages, all in relation to the DCO application, providing us updates suggesting that they were answering questions from different divisions, and trying as I said, to doggedly move the application along and to get it approved. 48:00 Sen. John Boozman (R-AK): If ftx.com had been a registered U.S. exchange, would the CFTC have been able to mitigate what happened. Rostin Behnam: Senator, you know, with our current authority, the answer is now. We need the authority to get into a CFTC registered exchange, as you point out. If we had that authority, and they were registered, given what we know from the facts about conflicts of interest, commingling funds, books and records, we would have been able to prohibit it. And I would point to what we're doing with Ledger X. On a daily basis our staff is in direct communication not only with Ledger X, but the custodians themselves, able to identify customer property, and customer money. Imagine that scenario with FTX.us if we had a daily lens into the location of customer money and customer property, you can imagine, given what we've learned about what's happened with FTX, we could have certainly prohibited many of the actions that we're hearing about. 1:16:00 Rostin Behnam: In terms of regulation of cash markets, right, the spot market, we simply do not have authority to register cash market exchanges or any intermediary broker dealer entity within that structure and that's what concerns me, this is the gap. 1:59:30 Rostin Behnam: Unfortunately, when we act, it's often after the fact because the information that allows us to bring an enforcement action in digital asset cash commodity markets, is only because information is coming to us from outsiders, from referrals, from tips, from whistleblowers, and this is in stark contrast to some of the surveillance tools and examination tools that we would have if we had a comprehensive regulatory framework over digital asset commodities. 2:07:00 Sen. Dick Durbin (D-IL): There'll be a reporter waiting in the hall -- I've already talked to her this morning -- who will ask you, "Did he ever contribute to your campaign?" I said "Oh, no, I never heard of the man." She said "You're wrong, Senator, he contributed to you." So the cryptocurrency people are active politically. And they are trying to achieve a political end here. It is their right as citizens of this country to do that. But it really calls on us to make sure that whatever we do is credible under those circumstances. 2:22:30 Rostin Behnam: I can't speak to what Mr. Bankman-Fried or anyone at FTX was thinking when they were advocating for regulation, but the remarkable thing is to think about it in the context of compliance and what we've learned about the FTX entities and just thinking about the bill that Senator Stabenow and Boozman introduced, they would have been so far out of compliance that it just wouldn't have even been possible. Legislative Hearing to Review S.4760, the Digital Commodities Consumer Protection Act September 15, 2022 Senate Committee on Agriculture, Nutrition, and Forestry Witnesses: Rostin Behnam, Chairman, Commodity Futures Trading Commission Todd Phillips, Director, Financial Regulation and Corporate Governance, Center for American Progress Shelia Warren, Chief Executive Officer, Crypto Council for Innovation Christine Parker, Vice President, Deputy General Counsel, Coinbase Heath Tarbert, Chief Legal Officer, Citadel Securities Denelle Dixon, Chief Executive Officer, Stellar Development Foundation Digital Assets and the Future of Finance: Understanding the Challenges and Benefits of Financial Innovation in the United States December 8, 2021 House Committee on Financial Services Witnesses: Jeremy Allaire, Co-Founder, Chairman and CEO, Circle Samuel Bankman-Fried, Founder and CEO, FTX Brian P. Brooks, CEO, Bitfury Group Charles Cascarilla, CEO and co-Founder, Paxos Trust Company Denelle Dixon, CEO and Executive Director, Stellar Development Foundation Alesia Jeanne Haas, CEO, Coinbase Inc. and CFO, Coinbase Global Inc. Clip Transcripts 23:30 Sam Bankman-Fried: We are already regulated and licensed. We have many licenses globally. Here in the United States, we are regulated by the states under the money service business and money transmitting regime, and we are regulated nationally by the CFTC where we have a DCO, a DCM, a swap execution facility, and other licensure. 1:13:30 Sam Bankman-Fried: One of the really innovative properties of cryptocurrency markets are 24/7 risk monitoring and engines. We do not have overnight risk or weekend risk or holiday risk in the same way traditional assets do, which allow risk monitoring and de risking of positions in real time to help mitigate volatility. We've been operating for a number of years with billions of dollars of open interest. We've never had customer losses, clawbacks or anything like that. Even going through periods of large movements in both directions. We store collateral from our users in a way which is not always done in the traditional financial ecosystem to backstop positions. And the last thing that I'll say is if you look at what precipitated some of the 2008 financial crisis, you saw a number of bilateral bespoke non-reported transactions happening between financial counterparties which then got repackaged and releveraged again and again and again, such that no one knew how much risk was in that system until it all fell apart. If you compare that to what happens on FTX or other major cryptocurrency venues today, there is complete transparency about the full open interest. There is complete transparency about the positions that are held. There is a robust, consistent risk framework. 1:34:00 Sam Bankman-Fried: In addition to a bunch of international licenses in the United States, we are participating in that system you referenced with the money transmitter and money service businesses license is in addition to that, however, we are also licensed by the CFTC. We have a DCO, a DCM, and other licensure from them through FTX.us derivatives and we look forward to continuing to work with them to build out our product suite. We just submitted a 800 page, I believe, proposal to them a few days ago, which we're excited to discuss and we're also happy to talk with other regulators about potential products in the United States. 2:37:00 Rep. Tom Emmer (R-MN): Now it's my understanding that FTX uses surveillance trade technology akin to the technology national Securities Exchanges use to protect investors and ensure sound spot markets. What does this technology and any other tools FTX uses to protect the spot market from fraud and manipulation look like? Sam Bankman-Fried: Yeah. So, you know, like other exchanges, we do have these technologies in addition to the, you know, new customer policies that we can identify individuals associated with trades. We have surveillance for unusual trading activity. We have manual inspections of anything that you know, gets flagged either by the automated surveillance or by manual inspection. And we do this with the trading activity with deposits and withdrawals and everything else. Rep. Tom Emmer (R-MN): Sounds like you're doing a lot to make sure there is no fraud or other manipulation. Thank you Mr. Bankman-Fried, again, for helping us understand the extensive guardrails a cryptocurrency exchange like FTX has in place to ensure sound crypto spot markets for investors. 2:52:30 Rep. Cindy Axne (D-Iowa): Mr. Bankman-Fried, I'd like to start by asking you the first question. FTX.us has a derivatives platform and recently bought ledger x as part of that. Is that correct? Sam Bankman-Fried: Yes. Rep. Cindy Axne (D-Iowa): Okay, thank you. And that platform is registered with the CFTC. Is that correct? Sam Bankman-Fried: Yep. Rep. Cindy Axne (D-Iowa): Okay, perfect. So I just want to clarify something. And this isn't to say anybody's doing any wrong. It's just to get the lay of the land. You also have an exchange for Bitcoin and other tokens, but that is not registered with either the CFTC or the SEC. Is that correct? Sam Bankman-Fried: That's correct. Currently, neither of them are primary markets regulated for spot Bitcoin to USD markets. Rep. Cindy Axne (D-Iowa): Okay, thank you. And I know you're registered as a money transmitter, but that's not the same kind of oversight that we'll see from a federal market regulator. I also sit on the Agriculture Committee, which oversees the CFTC, so a gap like this is especially concerning to me. And the big problem that I see here, from what I understand, is that the CFTC doesn't have regulatory authority for spot trading of commodities, just their derivatives. So that leaves consumers with inconsistent protections, which is a concern that I have. 2:55:00 Rep. Cindy Axne (D-Iowa): Bitcoin, which has almost a trillion dollars invested in it, has CFTC oversight for people who are trading futures and options, but not for people who are trading the currency itself. Is that right? Sam Bankman-Fried: That is essentially correct. Full FTX Superbowl Commercial with Larry David Tom Brady FTX Commercials Steph Curry FTX Commercial Cover Art Design by Only Child Imaginations Music Presented in This Episode Intro & Exit: Tired of Being Lied To by David Ippolito (found on Music Alley by mevio)
Host Rich Goldberg is joined by former CIA analyst Yaya Fanusie, Director of Policy for Anti-Money Laundering and Cyber Risk at the Crypto Council for Innovation. They discuss ways the industry and policymakers need to adjust their thinking to monitor and prevent illicit cryptocurrency transactions. Yaya J. Fanusie is an Adjunct Senior Fellow at the […]
Host Rich Goldberg is joined by former CIA analyst Yaya Fanusie, Director of Policy for Anti-Money Laundering and Cyber Risk at the Crypto Council for Innovation. They discuss ways the industry and policymakers need to adjust their thinking to monitor and prevent illicit cryptocurrency transactions. Yaya Fanusie Yaya J. Fanusie is an Adjunct Senior Fellow at the Center for a New American Security... Source
Host Rich Goldberg is joined by former CIA analyst Yaya Fanusie, Director of Policy for Anti-Money Laundering and Cyber Risk at the Crypto Council for Innovation. They discuss ways the industry and policymakers need to adjust their thinking to monitor and prevent illicit cryptocurrency transactions. Yaya Fanusie Yaya J. Fanusie is an Adjunct Senior Fellow at the Center for a New American Security... Source
Sean Lee, the co-founder of Odsy Network, joins the show this week recorded recently as part of the Techstars Web3 Community Series events organized by the Techstars Web3 Accelerator. Sean is the former CEO of the Algorand Foundation, he is an accomplished executive in web3 innovation and fintech, and is a senior advisor for the Crypto Council for Innovation. SecuriCentrix sponsors this episode of MoneyNeverSleeps. SecuriCentrix is a trusted cyber security company with offices in Dublin, Cape Town and London. SecuriCentrix provides expert advisory services, primarily in the finance and fintech industries, with tailored security solutions to fit your specific needs and regulatory challenges. In this episode, Sean Lee and Pete Townsend riff on his vision for universal access in web3 and some of the web3 scenarios where universal access will make a big difference, how early-stage founders should be thinking about accessibility when they're designing their platforms and roadmaps, how advocacy and collaboration will drive global adoption of crypto and web3, and what Sean looks for in web3 founders. KEY TAKEAWAY: Sean Lee shared his vision for how to make web3 more accessible and enable us to get to the first one billion users of web3. Sean took the key word ‘accessibility' and broke it down for us into three components. Interface – the control panel for accessing our assets on mobile or web devices. Infrastructure – the management and security layers protecting our assets and providing connectivity to the web3 ecosystem. Ecosystem – the universe of applications, services, and platforms that enable you to use your assets. The first two components, the interface and the infrastructure, have always been combined together, as we see in the most popular non-custodial wallets like MetaMask and Coinbase Wallet. We use the same app to access our assets, that we use to protect our assets, that we use to enable connectivity with the web3 ecosystem. Even though we're 13 years on with blockchain-based assets, we're still early, as the overall value of these assets at their peak was a bit more than 1% of the world's financial wealth. So, the tools we use to access, protect and use these assets are still underdeveloped. As with any technology, tradeoffs are made in the design phase to prioritize what's most important, and with digital assets, the most important feature to date has been security, not usability. With only 30 million monthly active users of MetaMask, for example, we're not talking about an earth-shattering number of people engaging with digital assets compared to the 8 trillion people on the planet. The number one priority, by far, has been to ensure the security of digital assets, rather than make it the most enjoyable experience for us as individuals. So, what we think is a user interface is actually just infrastructure – very important infrastructure at that, but nothing that has been specifically designed to enable mass adoption. Think about the engineer responsible for designing the Tesla electric motor – what if that engineer was also responsible for designing the instrumentation panel, seats, and steering wheel? You'd likely have a great electric motor, but it would be packaged into a very basic driver experience. That's what's happened with web3 wallets – user experience has been sacrificed for the most important features of the wallet, which in this case, are security and connectivity. It's been a critically important compromise for us to get to this point with blockchain-based assets, but we've got a long way to go to get to the Tesla. Primitives like Odsy will enable that separation of the interface from the infrastructure while connecting us to the ecosystem to put our digital assets to use. LINKS: Follow Sean Lee on Twitter and learn more about Odsy Follow Odsy on Twitter Leave a review and subscribe on Apple Podcasts | Spotify Check out our MoneyNeverSleeps website and get in touch via info@moneyneversleeps.ie Foll...
Sean Lee, co-founder of Odsy Network, joins the show this week recorded recently as part of the Techstars Web3 Community Series events organized by the Techstars Web3 Accelerator. Sean is the former CEO of the Algorand Foundation, he is an accomplished executive in web3 innovation and fintech, and is a senior advisor for the Crypto Council for Innovation. This episode of MoneyNeverSleeps is sponsored by SecuriCentrix. SecuriCentrix is a trusted cyber security company with offices in Dublin, Cape Town and London. SecuriCentrix provides expert advisory services, primarily in the finance and fintech industries, with tailored security solutions to fit your specific needs and regulatory challenges. In this episode, Sean and Pete riff on his vision for universal access in web3 and some of the web3 scenarios where universal access will make a big difference, how early-stage founders should be thinking about accessibility when they're designing their platforms and roadmaps, how advocacy and collaboration will drive global adoption of crypto and web3, and what Sean looks for in web3 founders. LINKS: Follow Sean Lee on Twitter and learn more about Odsy Follow Odsy on Twitter Leave a review and subscribe on Apple Podcasts | Spotify Check out our MoneyNeverSleeps website and email us at info@moneyneversleeps.ie Follow us on Twitter: MoneyNeverSleeps | Pete Townsend | Eoin Fitzgerald --- Support this podcast: https://anchor.fm/moneyneversleeps/support
On this episode of Rehash we sat down with Sumedha Deshmukh from Crypto Council for Innovation to discuss the intersection of blockchain, policy, inclusion, and accessibility. Sumedha first became interested in blockchain through the lens of how it could support international development. As a natural skeptic, she began researching blockchain on her own before turning her findings into a video guide for other development practitioners. Over the course of this project, Sumedha became even more interested in the blockchain space and later made the jump by joining the World Economic Forum's Blockchain and Digital Assets team in 2018.Diana starts off our discussion with a big question - wen meaningful policy? Sumedha explains how crypto's history has been ironically plagued by barriers to entry and how that has impacted its adoption by the general public as well as its treatment by legislators. Although the space has developed drastically over the last decade, regulatory organizations are still waiting to see what real world impact blockchain could have before they give it more of their attention. Sumedha also gives us her thoughts around how policy makers could begin protecting consumers without stifling innovation. During our conversation, we also dive into redistributing wealth and power, self custody, diversity in web3, and how mainstream news cycles influence crypto policy.
Sheila Warren is the inaugural CEO of the Crypto Council for Innovation, the premier global alliance advancing crypto innovation worldwide. She co-hosts “Money Reimagined,” a popular CoinDesk podcast, is an adviser to the Filecoin Foundation for the Decentralized Web and the Near Foundation, serves on the Steering Committee of the DeFi Education Fund and is an early-stage investor across the Web3 ecosystem. Previously, Sheila founded the blockchain and digital assets team at the World Economic Forum, a major international and nongovernmental organization committed to improving the state of the world, where she served as a member of the Executive Committee. As the deputy global head of the Forum's Centre for the Fourth Industrial Revolution, she oversaw strategy across 16 countries to advance the adoption of new technologies in the global public interest.Sheila graduated from Harvard College, earned her Juris Doctor degree at Harvard Law School, and began her career as an attorney at Cravath, Swaine & Moore, which has been one of the premier U.S. law firms for two centuries.Kamz and Sheila discuss:
“In the end, I'm hoping that one day digital assets will actually become boring. And that's actually one of my aspirational goals.” Of all the virtual ink spilled on the crypto economy, particularly in recent weeks, no one is accusing it of being boring. But that's what Linda Jeng, the chief global regulatory officer for the Crypto Council for Innovation, believes could happen if new regulations are eventually written to make digital currencies safer.In the latest episode of “What's Next In,” the Mastercard podcast that explores technology, innovation and ideas, host Vicki Hyman discusses digital currency regulation and crypto innovation. Her guests for this episode are Jeng, whose organization encourages responsible crypto regulation, and Jesse McWaters, Mastercard's head of regulatory advocacy.
Sheila Warren is the inaugural CEO of the Crypto Council for Innovation, the premier global alliance advancing crypto innovation worldwide. She co-hosts “Money Reimagined,” a popular CoinDesk podcast, is an adviser to the Filecoin Foundation for the Decentralized Web and the Near Foundation, serves on the Steering Committee of the DeFi Education Fund and is an early-stage investor across the Web3 ecosystem. Previously, Sheila founded the blockchain and digital assets team at the World Economic Forum, a major international and nongovernmental organization committed to improving the state of the world, where she served as a member of the Executive Committee. As the deputy global head of the Forum's Centre for the Fourth Industrial Revolution, she oversaw strategy across 16 countries to advance the adoption of new technologies in the global public interest.Sheila graduated from Harvard College, earned her Juris Doctor degree at Harvard Law School and began her career as an attorney at Cravath, Swaine & Moore, which has been one of the premier U.S. law firms for two centuries.Kamz and Sheila discuss:
Sean Lee - Co-Founder of Odsy Network, and Executive Director of the Odsy Foundation Sean is an accomplished executive in Web3 innovation and FinTech. He is currently the Co-Founder of Odsy Network, a secure and programmable decentralized access control layer to digital assets, and serves as the Executive Director of the Odsy Foundation. Previously Sean was the CEO of the Algorand Foundation, a top layer-1 blockchain protocol and top-20 digital asset by market cap during his tenure. He is also currently a senior advisor for the Crypto Council for Innovation, and a mentor with the MIT Entrepreneurship & FinTech Innovation Node. --- Support this podcast: https://anchor.fm/crypto-hipster-podcast/support
This episode is sponsored by Near.Legislative steps we're taught in civics class are only a small part of what it takes for a bill to become a law. The process of strategy negotiations and long-term thinking for future industries is complex. In addition to balancing huge agendas, lawmakers and their teams have to navigate a complex regulatory environment, all while paying attention to polling data. According to a recent study by the Crypto Council for Innovation, those who own crypto will vote for candidates who support crypto."Money Reimagined" hosts Michael Casey and Sheila Warren speak with Alex Sternhell, founder of Sternhell Group, and Brett Quick, head of government affairs for North America at the Crypto Council, to discuss the importance of crypto in this legislative season and the upcoming midterm elections. See also: A Quarter of Americans Say Inflation, Economy Woes Sparking Interest in Crypto, Poll FindsA Majority of US Voters Want More Crypto Regulation, Poll Shows-This episode was produced and edited by Michele Musso with announcements by Adam B. Levine and our executive producer, Jared Schwartz. Our theme song is “Shepard.”-NEAR is a simple, revolutionary Web3 platform for decentralized apps, created by developers for developers. More than 700 projects are now building on NEAR's fast, secure and infinitely scalable protocol, from DeFi apps to play-and-earn games, NFT marketplaces and more. Start your developer journey now by visiting NEAR at near.org. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
This episode is sponsored by Near.Legislative steps we're taught in civics class are only a small part of what it takes for a bill to become a law. The process of strategy negotiations and long-term thinking for future industries is complex. In addition to balancing huge agendas, lawmakers and their teams have to navigate a complex regulatory environment, all while paying attention to polling data. According to a recent study by the Crypto Council for Innovation, those who own crypto will vote for candidates who support crypto."Money Reimagined" hosts Michael Casey and Sheila Warren speak with Alex Sternhell, founder of Sternhell Group, and Brett Quick, head of government affairs for North America at the Crypto Council, to discuss the importance of crypto in this legislative season and the upcoming midterm elections. See also: A Quarter of Americans Say Inflation, Economy Woes Sparking Interest in Crypto, Poll FindsA Majority of US Voters Want More Crypto Regulation, Poll Shows-This episode was produced and edited by Michele Musso with announcements by Adam B. Levine and our executive producer, Jared Schwartz. Our theme song is “Shepard.”-NEAR is a simple, revolutionary Web3 platform for decentralized apps, created by developers for developers. More than 700 projects are now building on NEAR's fast, secure and infinitely scalable protocol, from DeFi apps to play-and-earn games, NFT marketplaces and more. Start your developer journey now by visiting NEAR at near.org. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Sheila Warren, CEO of the Crypto Council of Innovation and co-host of CoinDesk's “Money Reimagined” podcast discusses her theory of the philanthropic industrial complex. She digs into whether the system of philanthropy as we know it is broken.She gives information about her background in various positions, including blockchain team founder at the World Economic Forum, which helped her notice the ways in which the traditional philanthropic efforts and philanthropic efforts within the crypto spaces are similar. She also points out how crypto efforts are more genuinely human-forward, and how the model can change philanthropy altogether. While she provides detailed ways why crypto is important in the push to change the system, she also gives ways in which the community still has work to do. -The panel discussion took place on June 10, the second day of CoinDesk's Consensus 2022 festival in Austin, Texas. The executive producer for CoinDesk Reports is Jared Schwartz. Nia Freeman edited this episode.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Sheila Warren is CEO of Crypto Council for Innovation. In this episode of On Tax, she talks to Cravath partner and host Len Teti about starting her career as an associate in the Firm's Tax Department and how following her passion for the arts and community service led to a varied career that has so far included stints as an expert in exempt organizations law, software product developer, senior executive at a technology nonprofit, and founder of the digital assets team at the World Economic Forum. Hosted on Acast. See acast.com/privacy for more information.
In the newest edition of "Around the Block With Jefferson Nunn," Jefferson interviews Sumedha Deshmukh. Sumedha Deshmukh is a policy advisor at the Crypto Council for Innovation and a PhD student at the University of Cambridge. Prior to that, she was a member of the Blockchain and Digital Assets Team at the World Economic Forum, where she led projects on decentralized finance, consumer protection, and technical standards
The U.S. government's action against Tornado Cash sent shock waves through the crypto community and left most of us with more questions than answers. In this episode of Around the Block, Host Viktor Bunin, Coinbase's Chief Policy Officer Faryar Shirzad, CEO of the Crypto Council for Innovation Sheila Warren and Head of Policy for the Blockchain Association, Jake Chervinsky, discuss Tornado Cash: what happened, who it impacts, and how we can think about working with policymakers as they try to learn and understand this new technology. Today's conversation was recorded on August 30th. It is for informational purposes only and does not constitute legal or investment advice. Actual results may vary materially from any forward-looking statements made and are subject to risks and uncertainties.Check our homepage for more episodes and exclusive content from Around the Block: https://coinbase.com/aroundtheblock
Welcome to Cross-Chain Examination, an inclusive and friendly place for your 102-level crypto/Web3 content.In this episode of the podcast, host Katherine Wu and Crypto Council For Innovation's (CCI) Sheila Warren chat about why crypto regulation is so difficult, what a day in the life looks like for Sheila when she's working on the Hill and her thoughts on the best practices for founders looking to build in crypto.
Since the birth of Bitcoin in 2008, cryptocurrency (or crypto) has had a significant impact on the way we think about money and financial services. It has even prompted discussion of a ‘new dawn' in global financial inclusion. Many argue that cryptocurrencies – as well as the blockchain technology that forms the basis of this digital money – can help create more open and democratic financial systems in parts of the world that have historically lacked these privileges. But some have cast doubt on the idea that crypto represents a more cost-effective alternative to traditional financial transactions, while the price volatility of the likes of Bitcoin has been well documented. Environmental and regulatory concerns are also often cited. In this episode, experts weigh up these arguments and assess the potential of crypto to create more inclusive, democratic financial systems. Speakers Sara Pantuliano (host), Chief Executive, ODI Cathal Long, Research Fellow, ODI Sheila Warren, CEO, Crypto Council for Innovation Mercina Tillemann Perez, Vice President, Circle Impact
On this Episode of Rehash: a web3 podcast, we sat down with Katherine Wu, Investor at Archetype VC and Research Fellow for Crypto Council for Innovation. Katherine received the most votes out of all the guests nominated for this season of Rehash. Katherine was nominated by Diana Chen and some of the questions asked in this episode were submitted by DAO member Carsten (@carstenpoetter).We kickoff the episode getting to know Katherine, her background, and how she got into crypto investing. Katherine explains what she loves most about being a VC and gives us some insight to what it's like being a VC in the web3 space as opposed to traditional investing. She talks about investing in founders, and clears up for us how “ideas” get funding before they are even working product. Katherine explains how she chooses projects to invest in, but emphasizes the importance of doing your own research. She explains some of the risks involved in investing, specifically, risks regarding regulation (or lack thereof.) We continue our discussion on regulation, and talk about ways to innovate in the web3 space safely. We close out our conversation looking to the future, making predictions about our current bear market, and discussing our hopes and fears for crypto in the next 5 years. We play a game of this or that, and Katherine gives us the inside scoop on her new podcast launching soon.To continue this conversation and stay up to date on all things Rehash, you can follow Diana on Twitter @ddwchen and Rehash @rehashweb3. You can also follow Katherine @katherineykwu. ⌛ TIMESTAMPS: 0:00 Intro1:31 Katherine's background3:32 What Katherine loves most about being a VC?6:22 Things that have surprised Katherine as a VC8:44 Investing in crypto vs. traditional tech10:52 How to DYOR13:05 Discussion on founders that make good companies16:38 How ideas get funding 19:22 Risks when investing 22:00 Regulation23:37 Why regulation is so hard25:36 How to innovate in web3 safely27:48 Hopes for the bear market29:49 Predicting this year's bear market trends 29:56 If crypto ceased to exist in 5 years, why would that be?31:20 This or that!35:17 Follow Katherine!35:45 Katherine's podcast alpha!37:41 Credits DISCLAIMER: The information in this video is the opinion of the speaker(s) only and is for informational purposes only. You should not construe it as investment advice, tax advice, or legal advice, and it does not represent any entity's opinion but those of the speaker(s). For investment or legal advice, please seek a duly licensed professional.
The war in Ukraine, inflation, plus food and energy insecurity continue to dominate the World Economic Forum in Davos. But participants are also discussing issues like climate change and digital development. FRANCE 24 Business Editor Kate Moody has been speaking to the head of the Crypto Council for Innovation, Sheila Warren, about the role cryptocurrencies can play, and the recent sell-off.
Crypto Council #2 - Terra Luna Crash, Elon Musk & Twitter, #terra #luna #crypto https://linktr.ee/ARabbitHole http://RabbitHole.Show http://TheRabbitHoleShow.com --- This episode is sponsored by · Anchor: The easiest way to make a podcast. https://anchor.fm/app --- Send in a voice message: https://anchor.fm/rabbitholeshow/message Support this podcast: https://anchor.fm/rabbitholeshow/support
Two policy experts, Chris Lehane, chief strategy officer at Haun Ventures, and Niki Christoff, the founder of Christoff and Co., discuss how the crypto industry has performed in Washington and how it can better educate more regulators and politicians about the technology. Show highlights: Niki and Chris' background how Niki and Chris would grade the performance of crypto companies in Washington what parallels Chris can draw between crypto in the 2020s and FAANG in the mid-90s whether having a plethora of crypto policy groups helps or hurts crypto in Washington whether calling politicians and regulators names and making memes of them helps or hurts the crypto industry an effective way crypto companies can prompt lawmakers and regulators to prioritize crypto policy why it can be strategically smarter to try to convince incumbents to adopt pro-crypto policy over supporting challengers why Chris thinks crypto could be a bipartisan topic what Chris and Niki think about the fact that Democratic candidates received more donations from people working in the crypto industry than Republicans did the three types of crypto users that are valuable to political candidates what Niki and Chris would tell Senator Elizabeth Warren about crypto if they were to meet with her today what effect crypto might have on midterms why the terminology native to crypto may have to change Unchained is hiring! Find out information on the three openings at Unchained and how to apply here: part-time remote social media marketing manager: https://unchainedpodcast.com/seeking-part-time-remote-social-media-and-marketing-manager/ part-time remote editorial assistant: https://unchainedpodcast.com/seeking-remote-editorial-assistant/ part-time remote video/audio producer: https://unchainedpodcast.com/seeking-part-time-remote-video-audio-producer/ Announcing The Cryptopians Book Clubs! On April 26th, I will be selling NFT tickets to five 90-minute virtual book clubs in which 22 people can discuss "The Cryptopians" with me and with each other — without worrying about spoilers! Two of the book clubs will also feature special guests. The sale will go live on Tuesday, April 26, at 1pm ET/10am PT, and tickets will be $100 each. (The sale will be on Bitski, but the NFTs will not be visible until the sale goes live on the 26th): https://www.bitski.com/@laurashin/created Here is the schedule: Monday May 2, at 8pm ET/5pm PT with Laura Shin Tuesday, May 3, at 7pm CET/1pm ET/10am PT with guests Christoph Jentzsch, Lefteris Karapetsas, and Griff Green Thursday, May 5, at 6pm CET/12pm ET/9am PT with Laura Shin Monday, May 9, at 6pm CET/12pm ET/9am PT with guest Andrey Ternovskiy Tuesday, May 10, at 9pm CET/3pm ET/12pm PT with Laura Shin If you'd like to participate, be sure to mark your calendars for the sale time on April 26th. Hope to see you in one of the book clubs! Thank you to our sponsors! Crypto.com: https://crypto.onelink.me/J9Lg/unconfirmedcardearnfeb2021 Beefy Finance: https://beefy.finance Cross River Bank: https://crossriver.com/crypto Galaxis: https://galaxis.xyz/ Episode Links Chris Lehane LinkedIn: https://www.linkedin.com/in/chris-lehane-2562535/ Twitter: https://twitter.com/chrislehane Joining Haun Ventures https://twitter.com/chrislehane/status/1506395461187354624 Niki Christoff LinkedIn: https://www.linkedin.com/in/nikichristoff/ Twitter: https://twitter.com/NikiChristoff Miscellaneous Links Overview of crypto and politics https://www.citizen.org/article/capitol-coin-cryptocurrency-lobbying-revolving-door-report/ Biden's executive order Thread of official statements: https://twitter.com/crypto_council/status/1501606327621197835 Fact sheet: https://www.whitehouse.gov/briefing-room/statements-releases/2022/03/09/fact-sheet-president-biden-to-sign-executive-order-on-ensuring-responsible-innovation-in-digital-assets/ Overview: https://www.cnbc.com/2022/03/09/heres-whats-in-bidens-executive-order-on-crypto.html New bill from Senator Warren to crack down on sanctions evasion: https://www.coincenter.org/new-crypto-sanctions-bill-targets-publishing-code-facilitating-transactions/ DeFi Education Fund https://medium.com/@defieducationfund Blockchain Association https://theblockchainassociation.org/news/ Crypto Council for Innovation https://twitter.com/crypto_council/
Two policy experts, Chris Lehane, chief strategy officer at Haun Ventures, and Niki Christoff, the founder of Christoff and Co., discuss how the crypto industry has performed in Washington and how it can better educate more regulators and politicians about the technology. Show highlights: Niki and Chris' background how Niki and Chris would grade the performance of crypto companies in Washington what parallels Chris can draw between crypto in the 2020s and FAANG in the mid-90s whether having a plethora of crypto policy groups helps or hurts crypto in Washington whether calling politicians and regulators names and making memes of them helps or hurts the crypto industry an effective way crypto companies can prompt lawmakers and regulators to prioritize crypto policy why it can be strategically smarter to try to convince incumbents to adopt pro-crypto policy over supporting challengers why Chris thinks crypto could be a bipartisan topic what Chris and Niki think about the fact that Democratic candidates received more donations from people working in the crypto industry than Republicans did the three types of crypto users that are valuable to political candidates what Niki and Chris would tell Senator Elizabeth Warren about crypto if they were to meet with her today what effect crypto might have on midterms why the terminology native to crypto may have to change Unchained is hiring! Find out information on the three openings at Unchained and how to apply here: part-time remote social media marketing manager: https://unchainedpodcast.com/seeking-part-time-remote-social-media-and-marketing-manager/ part-time remote editorial assistant: https://unchainedpodcast.com/seeking-remote-editorial-assistant/ part-time remote video/audio producer: https://unchainedpodcast.com/seeking-part-time-remote-video-audio-producer/ Announcing The Cryptopians Book Clubs! On April 26th, I will be selling NFT tickets to five 90-minute virtual book clubs in which 22 people can discuss "The Cryptopians" with me and with each other — without worrying about spoilers! Two of the book clubs will also feature special guests. The sale will go live on Tuesday, April 26, at 1pm ET/10am PT, and tickets will be $100 each. (The sale will be on Bitski, but the NFTs will not be visible until the sale goes live on the 26th): https://www.bitski.com/@laurashin/created Here is the schedule: Monday May 2, at 8pm ET/5pm PT with Laura Shin Tuesday, May 3, at 7pm CET/1pm ET/10am PT with guests Christoph Jentzsch, Lefteris Karapetsas, and Griff Green Thursday, May 5, at 6pm CET/12pm ET/9am PT with Laura Shin Monday, May 9, at 6pm CET/12pm ET/9am PT with guest Andrey Ternovskiy Tuesday, May 10, at 9pm CET/3pm ET/12pm PT with Laura Shin If you'd like to participate, be sure to mark your calendars for the sale time on April 26th. Hope to see you in one of the book clubs! Thank you to our sponsors! Crypto.com: https://crypto.onelink.me/J9Lg/unconfirmedcardearnfeb2021 Beefy Finance: https://beefy.finance Cross River Bank: https://crossriver.com/crypto Galaxis: https://galaxis.xyz/ Episode Links Chris Lehane LinkedIn: https://www.linkedin.com/in/chris-lehane-2562535/ Twitter: https://twitter.com/chrislehane Joining Haun Ventures https://twitter.com/chrislehane/status/1506395461187354624 Niki Christoff LinkedIn: https://www.linkedin.com/in/nikichristoff/ Twitter: https://twitter.com/NikiChristoff Miscellaneous Links Overview of crypto and politics https://www.citizen.org/article/capitol-coin-cryptocurrency-lobbying-revolving-door-report/ Biden's executive order Thread of official statements: https://twitter.com/crypto_council/status/1501606327621197835 Fact sheet: https://www.whitehouse.gov/briefing-room/statements-releases/2022/03/09/fact-sheet-president-biden-to-sign-executive-order-on-ensuring-responsible-innovation-in-digital-assets/ Overview: https://www.cnbc.com/2022/03/09/heres-whats-in-bidens-executive-order-on-crypto.html New bill from Senator Warren to crack down on sanctions evasion: https://www.coincenter.org/new-crypto-sanctions-bill-targets-publishing-code-facilitating-transactions/ DeFi Education Fund https://medium.com/@defieducationfund Blockchain Association https://theblockchainassociation.org/news/ Crypto Council for Innovation https://twitter.com/crypto_council/
NSI held our inaugural cryptocurrency and blockchain technology event, “Crypto and National Security: How to Validate American Innovation and Verify U.S. National Security.” This event featured a panel of experts discussing critical U.S. national security policy opportunities and challenges related to crypto innovation and adoption.“Crypto and National Security” kicked off NSI's year-long policy programming initiative focused on cryptocurrency and blockchain technology – an emerging and important area of policy and innovation. NSI will host a range of conversations throughout 2022 that bring leading experts together to discuss and analyze issues such as crypto's implications for:U.S. leadership in tech and financial markets;Illicit finance and sanctions policy;Privacy and human rights at home and abroad; andOther key national security objectives.Participants:Jerry Brito, Executive Director, Coin CenterSheila Warren, Chief Executive Officer, Crypto Council for InnovationJuan Zarate, Global Co-Managing Partner & Chief Strategy Officer, K2 Integrity, and NSI Advisory Board MemberModerator: Laura Shin, Author of The Cryptopians and host of Unchained podcast See acast.com/privacy for privacy and opt-out information.
Sheila Warren is the CEO of the Crypto Council For Innovation. In this interview we discuss the mission, members, and projects of the Crypto Council for Innovation. We also touch on global crypto regulations, EU's proposed ban on Bitcoin PoW mining, President Biden's Crypto executive order, Ukraine crypto adoption, Elizabeth Warren and Russia Cryptocurrency Sanctions.https://cryptoforinnovation.org/https://itrust.capital/thinkingcryptohttps://taxbit.com/invite/thinkingcrypto/?fpr=thinkingcrypto
Crypto Council #1 - Rabbit Hole Show - Chris Neff - Shibs, Layer 2's, Band Glitch, Hex, Pulsechain Rabbit Hole Show - Round Table / Degen Den Podcast www.youtube.com/DaveSarra linktr.ee/ARabbitHole linktr.ee/DaveSarra www.DegenDen.net [coming soon] anchor.fm/RabbitHoleShow www.KillDiscord.com ____________________________ Soc's twitter.com/DaveXHALE www.twitch.tv/davesarra www.instagram.com/a.rabbit.hole --------------------------------------------- MyBookie Referral mybookie.ag/signup/?reff=MB1666146 ____________________________ --- Send in a voice message: https://anchor.fm/rabbitholeshow/message Support this podcast: https://anchor.fm/rabbitholeshow/support
Founder of the blockchain and digital assets team at the World Economic Forum Sheila Warren joins Niki Christoff for a conversation about web3. What is it, what does it have to do with the metaverse, and why is it all over the news? Sheila, who is the inaugural CEO of the Crypto Council on Innovation, makes the case that the potential of decentralization lies in individual empowerment and connection. Learn more about the Crypto CouncilFollow Sheila on TwitterFollow Niki on Twitter
On this episode of the Unhashed Podcast, we talk AMC accepting bitcoin, infrastructure bill shenanigans, Ee-lawn Musque's take on mining energy mix, how ETFs might or might not track the BTC price, half a billion dollars in a DeFi hack, and then finish off with some movie reviews.AMC Theaters will accept the cryptocurrency bitcoin for movie tickets and concessions in the U.S. by the end of 2021, according to CEO Adam Aron, who first made the announcement during an earnings call on Monday. The theater chain will also start accepting Apple Pay and Google Pay, but there are still plenty of important questions about AMC's bitcoin bet that haven't yet been answered. 'œI've had to learn more in the past six months about blockchain and cryptocurrency than I learned about it in the entire decade before that,' Aron told members of the conference call. 'œThis increased knowledge has given me the confidence to tell you all today that AMC is hereby formally announcing on this call that by year's end we will have the information technology systems in place to accept bitcoin,' Aron continued. Aron noted that all bitcoin purchases of movie tickets and concessions would need to happen online, leaving some question about whether customers would be able to change their purchases after they showed up to the theater.A compromise crypto amendment between senators Cynthia Lummis (R-Wyo.), Pat Toomey (R-Pa.), and the U.S. Treasury failed to make it into the final version of the infrastructure bill. Today in the Senate, Senator Toomey introduced a process known as Unanimous Consent, which required zero objections to pass a motion. Although support for the compromise agreement was widespread, it failed on the objection of Senator Richard Shelby (R-AL), who objected with the request of including a $50 billion defense amendment to the bill. Then in a last-ditch effort Senator Ted Cruz (R-TX) asked for Unanimous Consent on his own amendment, which would have stricken the crypto language from the bill altogether. However, Shelby objected for the same reasons. There had been optimism this morning when the bi-partisan group of senators, which had been promoting competing agreements over the past few days, that the '˜problematic' language from the original bill would be struck before a final vote. In particular, Senators Ron Wyden (D-OE), Cynthia Lummis (R-WY), and Pat Toomey (R-PA), objected to vague language that would require any node or miner, as well as software developers, to be categorized as a '˜broker' and produce 1099s for crypto users. The compromise language would have exempted these entities to primarily focus on crypto exchanges, such as Coinbase. The failure comes on the back of widespread crypto industry rallying, including more than 40,000 calls reportedly made to Senators by the non-profit Fight for the future. With no more paths to alter the bill's language, the next step in the process is for the $1.2 trillion bill to be voted on in its entirety by the Senate, which could happen anytime. Given the bi-partisan nature of the bill, it is expected to pass. It must then be reconciled with a version produced by the 435 member House of Representatives before getting signed by President Biden and becoming law. Actual implementation of the law is expected in 2023.Tesla CEO Elon Musk said the company will likely start accepting bitcoin for vehicle purchases again. 'œIt looks like bitcoin is shifting a lot more toward renewables and a bunch of the heavy-duty coal plants that were being used...have been shut down, especially in China,' said Musk on Wednesday at The B-Word conference, an event hosted by the Crypto Council for Innovation. 'œI want to do a little more due diligence to confirm that the percentage of renewable energy usage is most likely at or above 50% and that there is a trend toward increasing that number. If so, Tesla will most likely resume accepting bitcoin,' he said. In May, Musk said on Twitter that the company would suspend vehicle purchases using bitcoin out of concern over the 'œrapidly increasing use of fossil fuels for bitcoin mining.' Since then, Beijing has cracked down on crypto, expelling the country's crypto miners, who have since begun to patriate elsewhere. New data from Cambridge University shows many miners are headed to the U.S., which is now the second-biggest destination for the world's bitcoin miners. The U.S. is home to some of the cheapest sources of power on the planet, which, more often than not, are renewable. Fred Thiel of Marathon Digital said most miners new to North America will be powered by renewables, or gas offset by renewable energy credits, and Compass CEO Whit Gibbs estimated that bitcoin mining in the U.S. is more than 50% powered by renewables. 'œLong-term, renewable energy will be the cheapest energy, but it doesn't just happen overnight,' Musk said. 'œBut as long as there is a conscious and determined, real effort by the mining community to move toward renewables, then obviously Tesla can support that.'French regulators have approved asset manager Melanion Capital to begin offering a bitcoin-tied exchange-traded fund (ETF) in the European Union. Though this asset does not have full correlation to the price of the world's number one cryptocurrency, its wide international market and 90%+ correlation marks major progress for investors' ability to gain bitcoin exposure. The struggle to create a legal, regulator-approved Bitcoin ETF has been a major ongoing development for years now. An ETF is a type of derivative that has its own value set to correspond with the value of some outside tangible or intangible asset, such as gold bullion or the growth in stocks of a specific private firm. The mechanisms of keeping this valuation on target can be a challenge, with slight fluctuations from the actual value to be expected, but complicated systems of arbitrage exist for most ETFs so that the asset managers can respond to changes in the financial world with speed and precision.Hackers allegedly breached blockchain-based platform Poly Network and extracted more than $600 million in cryptocurrencies on Tuesday, the company announced on Twitter, marking the biggest hack ever in the decentralized finance space that's heating up among investors. Crypto-exchange operators spoke out soon after the massive hack. Changpeng Zhao, the billionaire CEO of cryptocurrency exchange Binance said in tweets that the company, which serves as the primary operator of the blockchain on which binance coins are built, will coordinate with its security partners and 'œdo as much as [it] can' to help. Meanwhile, Jay Hao, the CEO of cryptocurrency exchange OKEx, said the company is "watching the flow of coins and will do [its] best to manage the situation." According to a series of tweets by Mudit Gupta, the contract with the funds on Ethereum was essentially controlled by a single key, so the "hack" may have been as simple as a custodian losing their key.
⛏️ Nuevo récord en Bitcoin, esta vez el hashrate alcanza un nuevo máximo histórico - El hashrate de Bitcoin se refiere al total de poder computacional que está siendo utilizado para garantizar la seguridad de la red - En esta oportunidad, el hashrate de Bitcoin supero los 173 EH/s - La llegada de nuevo poder de computación a esta red se debe a que, los mineros están ganando más de $58 millones al día en recompensas - El hashrate de bitcoin ha crecido más del 700% en los últimos 3 años y es una muestra del interés y la confianza en esta activo - Un hecho que me parece relevante destacar es que cada vez hay más mineros entrando a Bitcoin y menos BTC por repartir https://news.bit2me.com/?p=9555&previ... 📈 Ayer bitcoin subió casi un 4%, recuperó la caída del día anterior y volvió a cerrar por encima de 58.000 dólares - Por su parte, ETH subió un 6% y volvió a cerrar por encima de 2.000 dólares 📝 Forbes publica la 36ª edición de la lista de multimillonarios del mundo, donde figuran varias personalidades del mundo cripto - Según el anuncio de la revista en Twitter, la lista está encabezada por Jeff Bezos, fundador de Amazon - Pero la gran sorpresa es que ya aparecen 12 personajes del mundo cripto que figuran entre los millonarios más grandes del mundo - Algunos reconocidos son los gemelos Winklevoss dueños del exchange Gemini, Michael Saylor CEO de Microstrategy, CZ fundador de Binance, y Brain Armstrong fundador de Coinbase - Además, obviamente está Elon Musk https://news.bit2me.com/bitcoin-se-re... 🧮 En España, 14.600 propietarios y tenedores de bitcoins y criptomonedas fueron notificados por la Agencia Tributaria de España para presentar sus declaraciones de renta 2020 - Estra información fue confirmada por Jesús Gascón, director general de la Agencia Tributaria - La campaña de renta comenzó el pasado miércoles, y como indicó Gascón, el número de notificados es bastante similar al de hace dos años https://news.bit2me.com/bitcoin-se-re... 🤝 Un grupo de empresas de la industria cripto crearon el CCI, un consejo cripto para moldear la regulación de Bitcoin y las criptomonedas y defender la innovación - Aunque algunos miembros de la comunidad rechaza Crypto Council for Innovation (CCI), esta organización es el primer consejo cripto de la innovación y cuenta con miembros muy potentes como Fidelity y Square, entre otros https://news.bit2me.com/?p=9570&previ... ⛓️ De acuerdo con un informe de Realsec, el 11% de las empresas de España utilizan blockchain - Según el informe, las compañías españolas están utilizando esta tecnología para mejorar sus procesos operativos - La estadística más sorprendente es que 1 de cada 4 compañías con más de 50 empleados están utilizando la tecnología blockchain internamente y el 46% están al menos contemplando usar esta tecnología https://news.bit2me.com/?p=9550&previ... 🚀 Suscríbete a nuestro Canal: https://www.youtube.com/channel/UCBiA... 00:00 Promo Bit2Me Academy 0:24 Sumario 0:48 Primera Noticia 1:16 Segunda Noticia 1:58 Tercera Noticia 2:35 Cuarta Noticia 3:33 Quinta Noticia 4:26 Sexta Noticia 5:30 Cierre #HashrateBitcoinMáximoHistórico #DeclaraciónCriptomonedas #Bitcoin #Blockchain #Criptomonedas 🎁 *¡Has descubierto un regalo!* Si estás aquí, aprendiendo, te mereces nuestro regalo especial: Regístrate en Bit2Me con este enlace y en tu primera compra de 100€ o más te regalaremos 5€: https://bit2me.com/?r=75N-GP4-G0S *¡La revolución la creamos entre todos!* 📲¡Descárgate la APP! https://bit2me.com/download Compra y vende Bitcoin , Ethereum , Litecoin , Dash, Bitcoin Cash , Ripple y otras criptomonedas . Soporte telefónico en Español . Con tarjeta VISA / Mastercard , transferencia y dinero en efectivo . El mejor monedero ( wallet ) crypto. Nuestra web: https://bit2me.com 👉 Síguenos en las redes sociales: ⭕️ Facebook: https://www.facebook.com/bit2me ⭕️ Instagram: https://www.instagram.com/bit2me ⭕️ Linkedin: https://www.linkedin.com/company/9243641 ⭕️ Twitter: https://twitter.com/bit2me ⭕️ Telegram: https://t.me/Bit2Me_ES ⭕️ Lbry (Odysee): https://odysee.com/@bit2me:c ⭕️ Spotify: https://open.spotify.com/show/1Tj4kyX... ⭕️ iVoox: https://www.ivoox.com/podcast-bit2me-... y por supuesto, dale a la campanita para activar las notificaciones 👈 ✍🏻 ¡Apunta! Conoce todos nuestros servicios: ⭕️ Wallet: https://bit2me.com/wallet ⭕️ Tikebit (compra criptomonedas en tiendas físicas): https://www.tikebit.com/inicio&lang=es ⭕️ Academy: https://academy.bit2me.com ⭕️ Crypto TV: https://tv.bit2me.com ⭕️ Crypto Converter: https://converter.bit2me.com ⭕️ Agenda de crypto eventos: https://agenda.bit2me.com ...y muchos más en nuestra web! 📲¡Descárgate la APP! https://bit2me.com/download
US stocks were down slightly Tuesday. Plus, Signet Jewelers acquires Rocksbox, financial companies launch the Crypto Council for Innovation, and more.
Il lancio del Crypto Council è stato spinto dall'enorme aumento dei prezzi delle criptovalute negli ultimi mesi. La capitalizzazione di mercato totale ha quasi raggiunto $ 2 trilioni per la prima volta in assoluto. Il Crypto Council for Innovation giocherà un ruolo importante nelle prossime normative sulle criptovalute. Fred Ehrsam, co-fondatore di Paradign e l'ex presidente di Coinbase ha dichiarato: Crypto è a un livello di flessione mainstream. È ai suoi primissimi livelli e, molto simile al web (non appena lo è stato), è molto fragile mentre è in quella fase. Grayscale si impegna a convertire GBTC in Bitcoin ETF man mano che il predominio del fondo diminuisce. Grayscale ha recentemente annunciato che convertirà la sua fiducia in Bitcoin in un fondo negoziato in borsa quando l'ambiente normativo negli Stati Uniti inizierà a riscaldarsi con i fondi negoziati in borsa (ETF) di Bitcoin. --- This episode is sponsored by · Anchor: The easiest way to make a podcast. https://anchor.fm/app Support this podcast: https://anchor.fm/bitcoin-informa/support
Il lancio del Crypto Council è stato spinto dall'enorme aumento dei prezzi delle criptovalute negli ultimi mesi. La capitalizzazione di mercato totale ha quasi raggiunto $ 2 trilioni per la prima volta in assoluto. Il Crypto Council for Innovation giocherà un ruolo importante nelle prossime normative sulle criptovalute. Fred Ehrsam, co-fondatore di Paradign e l'ex presidente di Coinbase ha dichiarato: Crypto è a un livello di flessione mainstream. È ai suoi primissimi livelli e, molto simile al web (non appena lo è stato), è molto fragile mentre è in quella fase.Grayscale si impegna a convertire GBTC in Bitcoin ETF man mano che il predominio del fondo diminuisce. Grayscale ha recentemente annunciato che convertirà la sua fiducia in Bitcoin in un fondo negoziato in borsa quando l'ambiente normativo negli Stati Uniti inizierà a riscaldarsi con i fondi negoziati in borsa (ETF) di Bitcoin.--- This episode is sponsored by · Anchor: The easiest way to make a podcast. https://anchor.fm/appSupport this podcast: https://anchor.fm/bitcoin-informa/support
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