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Bankless

ROLLUP: All Time High Debate | New ETF Record | Wormhole Airdrop

Mar 8, 2024
01:07:39
Snipd AI
Debate on cryptocurrency market highs, BTC monthly candle record, ETH ETF potential. Gold vs. Bitcoin discussion, Wells Fargo's Bitcoin ETF approval, ETH price analysis. Meme coins, financial nihilism, Ethereum ETF potential, Layer two solution Blast Number Three Roll Up emergence. Market gains, Arbitrum Nova growth, RBS AI project. Cryptocurrency milestones, SEC actions, sponsor ads from Kraken, Uniswap, Toku. Regulatory actions, Wormhole token airdrop complexities. Ethereum milestones, sponsors Mantle and Arbitrum benefits. Speculation on new coin creation, tokenization of assets. NFT resurgence, unique financial strategies, crypto conference highlights
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Podcast summary created with Snipd AI

Quick takeaways

  • ShapeShift criticized SEC for lack of transparency in identifying securities.
  • Humorous screenplay depicts ShapeShift's confusion with SEC's unclear standards.

Deep dives

SEC seeks to shut down ShapeShift for unlicensed digital asset trading

The SEC has filed a cease and desist order against ShapeShift, alleging the exchange operated as an unregistered dealer for crypto assets that were securities. ShapeShift faces a $275,000 fine without any alleged harm to its customers. CEO Eric Voorhees criticizes the lack of transparency and clarity in the SEC's identification of specific assets as investment contracts.

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