CoinDesk Podcast Network

COINDESK DAILY: 'Razzlekhan' Drops New Song Before Prison

Jan 10, 2025

The latest buzz in the crypto world features a new music video from 'Razzlekhan' as she faces prison time. Meanwhile, the U.S. Consumer Financial Protection Bureau is pushing to classify digital wallets like bank accounts. On the regulatory front, the Republican-led Senate Banking Committee is looking to establish a digital assets subcommittee. The intersection of music, law, and crypto continues to spark conversations about the industry's future.

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Quick takeaways

The U.S. Consumer Financial Protection Bureau aims to regulate digital wallets like bank accounts, enhancing security for crypto users.

Senator Tim Scott's new subcommittee for digital assets highlights a growing commitment to advancing crypto legislation in the U.S.

Deep dives

Proposed Regulatory Changes for Digital Wallets

The U.S. Consumer Financial Protection Bureau (CFPB) is proposing that digital wallets be regulated similarly to traditional bank accounts. This initiative would hold U.S. crypto companies accountable for refunding customers who lose funds due to hacks or unauthorized transactions. As a result, companies would need to enhance their security measures and financial reserves to mitigate risks. However, this proposal occurs amid uncertainties about the future of the CFPB, given the incoming Trump administration's backing for its potential dissolution.

Shifts in Crypto Regulations and a Controversial Rap Release

3min

Host Christine Lee breaks down the latest news in the crypto industry as "Razzlekhan" releases a new music video before prison.

The U.S. Consumer Financial Protection Bureau is proposing to put digital wallets under the same standard as bank accounts. Meanwhile the Republican-led Senate Banking Committee seeks to create a digital assets subcommittee. Plus, "Razzlekhan" releases a new music video as she prepares for prison. "CoinDesk Daily" host Christine Lee breaks down the biggest headlines in the crypto industry.

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This episode was hosted by Christine Lee. “CoinDesk Daily” is produced by Christine Lee and edited by Victor Chen.

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