FTX is a Bitcoin only and Bitcoin focused company. It's very hard to build a company when everyone else has a market of 4 billion people with internet connection, he says. FTX left Hong Kong and redomaciled in the Bahamas because China and other countries have had very inconsistent approaches to crypto. "I think where the exchanges and the companies that are going to build the most trust are going to be domiciled in places that take favorable clear stances"
Ken Leon, Global Director of Industry and Equity Research at CFRA and Bloomberg News Wall Street Reporter Sonali Basak discuss earnings results from JPMorgan, Citi and Wells Fargo. Bloomberg News Managing Editor for Crypto stacy-marie ishmael an Alex Adelman, CEO of Lolli, talk about the latest news from the crypto market. Kurt Ritter, VP & General Manager of Sustainability, North America at Coca-Cola discusses the company’s sustainability initiatives. And we Drive to the Close with Nancy Tengler, CIO at Laffer Tengler Investments.
Hosts: Carol Massar and Matt Miller. Producer: Paul Brennan.
See omnystudio.com/listener for privacy information.