Dave Davies

Let's talk about some of the appointments that Trump has made, which, again, are good news for crypto supporters. He wants a change at the Securities and Exchange Commission. Gary Gensler, the previous chair, was very unpopular in the crypto world. Why?

Let's talk about some of the appointments that Trump has made, which, again, are good news for crypto supporters. He wants a change at the Securities and Exchange Commission. Gary Gensler, the previous chair, was very unpopular in the crypto world. Why?

Let's talk about some of the appointments that Trump has made, which, again, are good news for crypto supporters. He wants a change at the Securities and Exchange Commission. Gary Gensler, the previous chair, was very unpopular in the crypto world. Why?

Now, just so I understand the principle in these lawsuits, the idea is that if investors buy money in the stock market, there are rules that say that in order to get your security in the stock market, you have to provide certain information, orderly reports and earnings reports and assets and liabilities. And so that there's, in theory, some basis that an investor has to evaluate the value of it.

Now, just so I understand the principle in these lawsuits, the idea is that if investors buy money in the stock market, there are rules that say that in order to get your security in the stock market, you have to provide certain information, orderly reports and earnings reports and assets and liabilities. And so that there's, in theory, some basis that an investor has to evaluate the value of it.

Now, just so I understand the principle in these lawsuits, the idea is that if investors buy money in the stock market, there are rules that say that in order to get your security in the stock market, you have to provide certain information, orderly reports and earnings reports and assets and liabilities. And so that there's, in theory, some basis that an investor has to evaluate the value of it.

In the case of cryptocurrency exchanges … What? Any of that required?

In the case of cryptocurrency exchanges … What? Any of that required?

In the case of cryptocurrency exchanges … What? Any of that required?

Right. Now, these cases that the Securities and Exchange Commission filed, are they still pending in courts?

Right. Now, these cases that the Securities and Exchange Commission filed, are they still pending in courts?

Right. Now, these cases that the Securities and Exchange Commission filed, are they still pending in courts?

We are speaking with Zeke Fox. He's an investigative reporter for Bloomberg. His book is Number Go Up, Inside Crypto's Wild Rise and Staggering Fall. We'll talk more after this short break. I'm Dave Davies. This is Fresh Air.

We are speaking with Zeke Fox. He's an investigative reporter for Bloomberg. His book is Number Go Up, Inside Crypto's Wild Rise and Staggering Fall. We'll talk more after this short break. I'm Dave Davies. This is Fresh Air.

We are speaking with Zeke Fox. He's an investigative reporter for Bloomberg. His book is Number Go Up, Inside Crypto's Wild Rise and Staggering Fall. We'll talk more after this short break. I'm Dave Davies. This is Fresh Air.

So, Zeke Fox, let's talk about Howard Lutnick, who has been designated as the Commerce Secretary by Donald Trump. He's been nominated. He faces confirmation. He is the chief executive officer and a principal owner of a New York investment bank, Cantor Fitzgerald, which some may remember was famous for having lost more than 600 employees in the 9-11 attacks, including Howard Lutnick's brother.

So, Zeke Fox, let's talk about Howard Lutnick, who has been designated as the Commerce Secretary by Donald Trump. He's been nominated. He faces confirmation. He is the chief executive officer and a principal owner of a New York investment bank, Cantor Fitzgerald, which some may remember was famous for having lost more than 600 employees in the 9-11 attacks, including Howard Lutnick's brother.

So, Zeke Fox, let's talk about Howard Lutnick, who has been designated as the Commerce Secretary by Donald Trump. He's been nominated. He faces confirmation. He is the chief executive officer and a principal owner of a New York investment bank, Cantor Fitzgerald, which some may remember was famous for having lost more than 600 employees in the 9-11 attacks, including Howard Lutnick's brother.

There has been concern about Letnick and his bank's ties to a cryptocurrency operator called Tether. You want to explain what Tether is and what it does?

There has been concern about Letnick and his bank's ties to a cryptocurrency operator called Tether. You want to explain what Tether is and what it does?