Chapter
Cryptocurrency: What's the problem?
22:11 - 27:54 (05:42)
Sam: I think the problem is that we don't have clarity about the crypto specific regulations like what's a commodity, what's a security and that lack of regulatory clarity has pushed a lot of this business offshore to these less regulated exchanges.
Clips
The lack of regulatory clarity in the cryptocurrency space is pushing business offshore to less regulated exchanges.
22:11 - 24:14 (02:02)
Summary
The lack of regulatory clarity in the cryptocurrency space is pushing business offshore to less regulated exchanges. Companies like Coinbase, which are already regulated like traditional financial services, need clarity regarding crypto-specific regulations to move forward in the industry.
ChapterCryptocurrency: What's the problem?
EpisodeE104: FTX collapse with Coinbase CEO Brian Armstrong + election results, macro update & more
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
Hedge fund Alameda accused of using customer funds after suffering losses in crypto industry shakeup
Alameda, a hedge fund owned by Sam Bankman-Fried, who also owns cryptocurrency exchange FTX, is being accused of using customer funds after suffering losses during a shakeup in the crypto industry.
24:14 - 25:06 (00:52)
Summary
Alameda, a hedge fund owned by Sam Bankman-Fried, who also owns cryptocurrency exchange FTX, is being accused of using customer funds after suffering losses during a shakeup in the crypto industry. Bankman-Fried allegedly took funds from FTX users to cover the losses of Alameda, which operates inside FTX as well as elsewhere.
ChapterCryptocurrency: What's the problem?
EpisodeE104: FTX collapse with Coinbase CEO Brian Armstrong + election results, macro update & more
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
This podcast discusses how cryptocurrency exchanges may have liquidity mismatches where the total asset value held in a portfolio of coins does not necessarily match individual users' accounts.
25:06 - 27:54 (02:47)
Summary
This podcast discusses how cryptocurrency exchanges may have liquidity mismatches where the total asset value held in a portfolio of coins does not necessarily match individual users' accounts.