In 2018, before he was chairman of the SEC, Gensler said that Bitcoin, Ethereum, Litecoin, Bitcoin, cash were not securities. They made up roughly three quarters of the market at the time. So he's changed his tune because you can change your mind. And now with a switch to proof of stake that if they've started to get too much in the weed here withthereum, he's now questioning whether it's a security again. That makes no sense. Of course, it's not.
Hollywood may be shut down, but one industry seems to be enjoying a surprising upswing: crypto. Kara interviewed Ripple co-founder and Executive Chairman Chris Larsen hours before what is being called a “landmark victory” – but, as Nayeema and Kara note, it’s not a clean victory. We discuss the Ripple case, whether the crypto winter is over, and why Larsen is investing heavily in everything from campaign donations to public interventions on crime in SF – but would rather “vomit blood from his eyeballs” than actually run for office.
Need advice?! Call 1-888-KARA-PLZ and leave us a voice note with a question for Kara and Nayeema to answer in an upcoming advice episode.
Other questions or comments? Email us at on@voxmedia.com or find us on social media. We’re @karaswisher and @nayeemaraza on Instagram/Threads. Chris Larsen is @chrislarsensf on Twitter.
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