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Rep. Ritchie Torres (D-NY) joins First Mover to discuss how the SEC is handling crypto regulation, noting that under SEC Chair Gary Gensler there has been a "weaponization" of the agency against the crypto industry. The Congressman goes on to argue why he thinks this is an "abuse of power."

Jul 19, 2023

In a letter to SEC Chairman Gary Gensler, Congressman Ritchie Torres wrote, "regulation by enforcement had a dreadful day in court," referring to the summary judgment issued by Judge Analisa Torres in the SEC v. Ripple Labs decision. The lawmaker from New York joins "First Mover" to discuss the SEC's latest actions in the wake of the Ripple court ruling and his outlook on the future of crypto regulation in the U.S.

Jul 19, 2023

Bitcoin (BTC) is hovering around the $30,000 level and ProChain Capital president David Tawil predicts that the largest cryptocurrency by market capitalization could reach $50,000 by the end of the year. Plus, why Tawil thinks renewed interest in a spot Bitcoin ETF is benefiting Grayscale Bitcoin Trust and Coinbase. CoinDesk and Grayscale are both owned Digital Currency Group (DCG).

Jul 19, 2023

“CoinDesk Daily” host Jennifer Sanasie dives into today’s headlines in the crypto industry, as the clock starts ticking this week for the U.S. Securities and Exchange Commission's (SEC) decision on whether to approve or reject six applications to list a spot bitcoin ETF. Florida Governor Ron DeSantis vows to ban central bank digital currencies (CBDCs) if elected president. And, SEC Chair Gary Gensler speaks out on artificial intelligence.

Jul 18, 2023

Moons (MOON), the native token of Reddit's r/CryptoCurrency community, is surging over 100% in the last 24-hours, according to data tracked by CoinGecko. CoinGecko's co-founder and COO, Bobby Ong, told CoinDesk the speculation about impending changes to Reddit has driven the token higher. CoinDesk's Jennifer Sanasie presents "The Chart of The Day."

Jul 18, 2023

Binance has terminated its five-year partnership with the Argentine soccer association, just after a year, citing a breach of contract. "The Hash" panel discusses the regulatory pressure Binance is currently facing and the state of sports partnerships from major crypto players.

Jul 18, 2023

Non-fungible token (NFT) company Legitimate is teaming up with shoe behemoth PUMA and entertainment agency Roc Nation to release a sneaker collection. Legitimate CEO Calvin Chan joins "The Hash" to discuss the sneaker models and the significance of "phygital" products to Web3 brands.

Jul 18, 2023

Crypto-specific investment firm CoinFund has raised $158 million to support pre-seed and seed stage investments in new startups across the Web3 sector. The news was first reported by Bloomberg. The Hash" panel discusses the outlook of institutional investor confidence in a bear market, as Web3 funding from venture capital funds has plunged 76% in the second quarter when compared to the same period a year ago, according to data from Crunchbase.

Jul 18, 2023

U.S. Securities and Exchange Commissioner (SEC) Chair Gary Gensler said that he was disappointed with a district court's decision in the Ripple case regarding retail investors, but pleased with the part of the order which found that institutional sale of the tokens did violate federal securities laws. "The Hash" panel weighs in on Chair Gensler's response to Ripple's partial victory in its legal fight with the regulator. Plus, reaction to Gensler's comments about AI's risk to financial stability.

Jul 18, 2023

John Todaro, senior research analyst at Needham & Company, discusses why a court ruling that Ripple’s XRP token should not be considered a security if sold via an exchange or through programmatic sales is actually a positive for Coinbase. Todaro also explains why Coinbase "looks like really the only adult left in the room in crypto, so to speak, at the exchange level" and why Coinbase is the "de facto large remaining player." 

Jul 18, 2023