Originally aired on September 15, 2023
In this episode of the O Show, host Wendy O discusses several crypto news stories and interviews guests Mona, Michael, and Mr. Sharma. Topics covered include the latest with Sam Bankman-Fried and FTX, developments in SEC vs Ripple lawsuit with lawyer John Deaton now involved, Bitgo and Swan forming a Bitcoin-only trust company, and the SEC charging the creator of Stoner Cats NFTs with selling an unregistered security. The guests provide perspectives on these stories as traders, crypto experts, and content creators. The episode closes with comedian Mona promoting her upcoming roast of Wendy O in Los Angeles.
What did the leaked SBF documents reveal?
- SBF posted 250 pages of reflections and justifications while under house arrest
- Blamed ex-girlfriend Caroline Ellison for Alameda’s collapse
- Criticized his co-CEO Carlos “Tribeca” Trabuco for quitting to sail the world and date men
- Overall shows SBF’s narcissism and passing blame
How could the Ripple lawsuit impact other crypto cases?
- John Deaton joining as lawyer in SEC vs LBRY case
- Ripple won that XRP is not a security when sold on secondary market
- This precedent could help LBRY fight SEC charges over unregistered securities
- Paves way for other crypto projects unfairly targeted by SEC
Why are Bitgo and Swan forming a Bitcoin-only trust company?
- Provides Bitcoin custody without exposure to broader crypto market
- Follows Swan moving from Ripple’s acquisition Fortress for custody
- Swan founder Cory Klippsten known Bitcoin maxi against altcoins
- Unclear if limited to Bitcoin will attract significant interest
Should NFT creators avoid promising gains?
- SEC charged Stoner Cats creator with unregistered securities
- Problem was marketing promised gains on secondary sales
- Similar to investment contracts SEC targets in crypto cases
- Safest bet is to avoid financial incentives in NFT marketing
GUESTS
Mona Shaikh
/ monashaikhcomedian
Shitcoin Shaman
Michael Ionita
https://x.com/mizi
/ @michaelionita
00:00 Intro
01:10 – Guest introductions
05:05 – The entire crypto market
05:30 – BTC daily, 6h and weekly
07:10 – Thoughts on the current market
10:40 – SBF Shocking documents leaked
19:35 – Lehman Brothers 15 year anniversary
31:25 – John Deaton joins LBRY fight
37:25 – BitGo partners with Swan to launch trust company
40:00 -SEC vs Stoner Cats & attack on NFTs