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Unchained
The Chopping Block: Crypto Populism: From Celebrity Coins to Politics -Ep. 654
Jun 1, 2024
Crypto insiders Haseeb Qureshi, Tom Schmidt, Robert Leshner, and Tarun Chitra discuss topics like LeBron James' potential memecoin, recent Ether ETF approval, Biden's crypto policy, Trump's pro-crypto promises, FIT21 legislation. Debate on celebrity coins, regulatory changes impact, political influence in crypto space. Lively discussion on market implications and evolving landscape.
34:36
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Quick takeaways
- Celebrity Coins present scam risks and market manipulation concerns, prompting industry caution.
- Approval of Ether ETFs under Biden administration hints at evolving crypto regulations and market implications.
Deep dives
Biden Administration's Crypto Policy Shift and ETF Approval
The Biden administration's policy shift towards crypto, notably shown in the recent ETF approval, has sparked market jubilation. The SEC's non-committal stance on the ETFs, driven by Gensler's somewhat evasive comments, hints at potential future regulatory directions. The approval of Ether ETFs, following the Bitcoin ETF court ruling, underscores the SEC's adherence to established administrative policies.
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