Originally aired on September 19, 2023
Wendy O discusses several crypto-related topics in this lively episode, including the SEC targeting crypto exchanges, updates on the FTX situation, crypto regulation in New York, and bad parenting enabling poor behavior. She expresses frustration with government agencies going after smaller crypto players rather than massive failures like FTX and voices concerns over restrictive policies in New York that have banned trading of coins like XRP and DOGE. Wendy also condemns Sam Bankman-Fried’s parents for defending him and enabling his behavior. Overall, it’s an opinionated take on recent crypto developments.
What did Wendy say about the SEC and Binance.US?
- SEC investigating Binance.US, a small exchange
- Strange timing given FTX collapse
- SEC needs to prove claims against Binance.US
What is happening with FTX according to lawsuit?
- Bankruptcy estate sued SBF’s parents
- Seeking return of millions in misappropriated funds
- Filings allege SBF’s father pushed for higher salary
How is New York restricting crypto trading?
- Removed XRP, DOGE, and LTC from approved trading list
- Despite XRP being deemed not a security by a judge
- Could set precedent for other states to restrict crypto
What did Wendy say about parenting?
- SBF’s parents defending him as a “child”
- Enabling and coddling kids leads to poor behavior
- Parents need to teach accountability
How is crypto positioned for 2024 elections?
- Some candidates may underestimate crypto issues
- Generational divide on topics like CBDCs and privacy
- Could force out technologically ignorant lawmakers
What is happening with crypto regulations globally?
- Japan launching a Bitcoin fund for institutions
- Circle making USDC available on Polkadot
- Increased DeFi activity and growth on BNB Chain
00:00 – Intro
00:05 – What happened last night
03:45 – USA to ban crypto
10:40 – The entire crypto market
11:05 – BTC daily, 12h, 6h & 4h
13:45 – NY regulator removes XRP from token greenlist
21:15 – SEC fails in Binance US lawsuit
30:20 – FTX bankruptcy estate sues SBF’s parents
41:55 – Japan bank launches BTC fund for institutions
42:45 – Crypto is “sleeper issue” in next US election
45:30 – US debt hits new all-time-high
46:40 – Janet Yellen says US labor market is fine
52:05 – Base Coinbase surpasses Solana TVL
52:05 – AVAX Avalanche launches token swap tool