FT News Briefing The SEC vs Coinbase
Sep 10, 2021
Leading economists signal an imminent rise in US interest rates to combat inflation. The European Central Bank hints at reducing its bond-buying as the economy improves. Meanwhile, regulatory tensions heat up between the SEC and Coinbase over new crypto lending products, raising fears of stricter oversight. On the global stage, the looming risk of default from China's Evergrande highlights potential turmoil in the property market and its repercussions for international investors. A dynamic landscape for finance enthusiasts!
AI Snips
Chapters
Transcript
Episode notes
Crypto Regulation Reckoning
- Regulators globally are closely monitoring the clash between the SEC and Coinbase.
- This signals a potential turning point for the crypto industry, which has experienced rapid growth with limited oversight.
Coinbase vs. SEC
- Coinbase, a major US cryptocurrency exchange, faced SEC threats for its new lending product, Lend.
- Coinbase executives publicly aired their frustrations, citing a lack of regulatory clarity.
Evergrande's Systemic Risk
- Evergrande, the world's most indebted property developer, faces potential default, impacting bondholders.
- The ripple effects could extend to other Chinese developers reliant on international bond markets.