The U.S. Securities and Alternate Fee has introduced down its wrath on Coinbase. The publicly traded alternate has been beneath investigation for allegedly promoting crypto tokens on its platform that qualify as securities with out adhering to the related guidelines and rules. Coinbase, for its half, is insistent that it does not promote securities on its platform and that the cryptocurrencies referred to as into query ought to as a substitute be seen as commodities. All of the drama has introduced crypto to the precipice of an existential disaster within the U.S., however the business remains to be ready for the second shoe to drop.
Hi there and welcome again to the Chain Response podcast, the place we unpack and clarify the newest crypto information, drama and traits, breaking it down block by block for the crypto curious.
This week, Anita and Lucas chatted about Coinbase’s newest regulatory woes, Elon Musk’s Tesla betraying the bitcoin maximalists and block-building sport Minecraft bucking the blockchain.
Our visitor: Arca portfolio supervisor David Nage
Nage, a enterprise investor at digital asset administration agency Arca, shared his predictions for when crypto VC funds would possibly begin really deploying the huge quantities of capital they’ve lately amassed in a narrative by TechCrunch+ crypto reporter Jacquie Melinek. All of web3 feels unsure proper now, however since Nage was daring sufficient to share his predictions, Anita and Lucas introduced him on the podcast to speak extra in-depth about how crypto lending companies can regain belief after a collection of fiascos and the way a lot worse he thinks issues will get within the markets from right here.
Chain Response podcast episodes come out each Thursday at 12:00 p.m. PDT. Subscribe to us on Apple, Spotify or your different podcast platform of option to sustain with us each week.