Markets Daily Crypto Roundup

Crypto Update | SEC Commissioner Hester Peirce Dissents, Questions SEC's 'Enforcement-Driven Approach to Crypto'

Oct 30, 2023

SEC Commissioner Hester Peirce questions SEC's approach to crypto enforcement and expresses concerns about blockchain innovation. The podcast also discusses updates on crypto markets, inflation expectations, stock market performance, commodity prices, and consumer sentiment.

10:37

Creator website

Episode guests

Hester Peirce

AI Summary

AI Chapters

Episode notes

Podcast summary created with Snipd AI

Quick takeaways

Increased activity in crypto markets, with Bitcoin and Ether trading at higher prices and spot volumes reaching their highest level since March.

SEC Commissioner Hester Pierce questions SEC's enforcement-driven approach to cryptocurrencies, emphasizing the need to encourage dissent and innovative technologies in a free society.

Deep dives

Crypto Market Trends and Inflation Expectations

Crypto markets saw an upward trend over the weekend, with Bitcoin trading at $34,621 and Ether at $1,816. Spot volumes are at their highest level since March, indicating increased activity. Inflation expectations are a concern, as consumer surveys show an expected jump to 4.2%, which may lead to increased spending and inflation. This, along with strong GDP growth and a robust job market, could prompt the Federal Reserve to consider another rate hike.

Crypto Market Updates, Inflation Expectations, Stock Market Performance, and Commodity Prices

6min

SEC Commissioner Hester Pierce Dissents Against SEC's Enforcement-Driven Approach to Crypto

5min

Noelle Acheson, the mind behind the Crypto Is Macro Now newsletter, explores market moves, consumer expectations, the U.S. Securities and Exchange Commission and more.

Today's episode is sponsored by CME Group.

Today’s Stories:

Overdue: Statement of Dissent on LBRY

From our sponsors:

CME Group Cryptocurrency futures and options provide market-leading liquidity for bitcoin and ether trading. These cash-settled contracts give full exposure to crypto performance without the hassle of holding the physical position. No digital wallet? No problem. Trade nearly 24/7 in a transparent, CFTC-regulated market. Visit cmegroup.com/crypto to learn more.

Disclaimer:

This communication is not directed to investors located in any particular jurisdiction and is not intended to be accessed by recipients based in jurisdictions in which distribution is not permitted. The information herein should not be considered investment advice or the results of actual market experience. Past results are not necessarily indicative of future performance. Trading derivatives products involves the risk of loss. Please consider carefully whether futures or options are appropriate to your financial situation.

This episode was hosted by Noelle Acheson. “Markets Daily” is executive produced by Jared Schwartz and produced and edited by Eleanor Pahl. All original music by Doc Blust and Colin Mealey.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.