Chapter
The US Government's Crackdown on Crypto
45:34 - 51:22 (05:48)
There seems to be a concerted effort by the US government to crack down on crypto with the recent lawsuits against Paxos, Kraken, and others, and SEC chair Gensler's hostile stance towards crypto assets.
Clips
The SEC has filed a lawsuit against Paxos and Kraken, and SEC Chair Gensler has labeled every crypto asset as a security except for Bitcoin.
45:34 - 49:29 (03:55)
Summary
The SEC has filed a lawsuit against Paxos and Kraken, and SEC Chair Gensler has labeled every crypto asset as a security except for Bitcoin. With multiple government agencies cracking down on crypto and Gensler's hostility towards it, some believe there may be a coordinated effort to kill crypto as an off-ramp for the US dollar during current economic crises.
ChapterThe US Government's Crackdown on Crypto
EpisodeE121: Macro update, Fed hike, CRE debt bubble, Balaji's Bitcoin bet, TikTok's endgame & more
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
The recent losses of consumers in the crypto market have led to increased SEC activity and regulation, causing speculation on whether this is due to the current crisis or long-term proactive measures.
49:29 - 51:22 (01:53)
Summary
The recent losses of consumers in the crypto market have led to increased SEC activity and regulation, causing speculation on whether this is due to the current crisis or long-term proactive measures. Gensler's shift from pro-FTX to anti-crypto has also been observed.