Picture credits: Tech Crunch
The United States Securities and Exchange Commission has taken its anger out on Coinbase. The publicly traded exchange is under investigation for allegedly selling crypto tokens on its platform that are considered securities without following associated rules and regulations. Coinbase, for one, insists it does not sell securities on its platform and that the crypto-currencies in question should rather be considered as goods. All the drama has brought crypto to the precipice of an existential crisis in the United States, but the industry is still waiting for the second shoe to fall.
Hello and welcome to the Chain reaction podcast, where we unpack and explain the latest crypto news, drama, and trends, breaking it down block by block for the crypto curious.
This week, Anita and Lucas discussed Coinbase’s latest regulatory issues, Elon Musk’s Tesla betraying bitcoin maximalists, and the block-building game Minecraft versus the blockchain.
Our guest: Arca portfolio manager David Nage
Nage, a venture capitalist at digital asset management firm Arca, shared his predictions for when crypto-VC funds might start deploying the huge capital they recently amassed in a post by crypto journalist TechCrunch + Jacquie Melinek. All of web3 seems uncertain right now, but since Nage was bold enough to share his predictions, Anita and Lucas brought him on the podcast to talk more in-depth about how crypto lending companies can regain trust after a series of fiascos and how much worse he thinks things will happen in the markets from here.
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