Zeke Fox
👤 PersonAppearances Over Time
Podcast Appearances
Under Gensler, the SEC brought a number of lawsuits against crypto companies that were basically alleged that much of the activity that goes on today on crypto apps like Coinbase or Binance is illegal. He was saying that these cryptocurrencies that people are trading in the U.S. all day long, in fact, a lot of our traditional securities laws apply to them.
They're not following those laws, and this activity should – either stop or be changed to fall into existing regulations. So the industry has been fighting these lawsuits. They've appealed. But Gensler's position basically represents an existential threat to the industry. So that was a huge applause line at Trump's Bitcoin conference speech when he said, I'll fire Gary Gensler.
They're not following those laws, and this activity should – either stop or be changed to fall into existing regulations. So the industry has been fighting these lawsuits. They've appealed. But Gensler's position basically represents an existential threat to the industry. So that was a huge applause line at Trump's Bitcoin conference speech when he said, I'll fire Gary Gensler.
They're not following those laws, and this activity should – either stop or be changed to fall into existing regulations. So the industry has been fighting these lawsuits. They've appealed. But Gensler's position basically represents an existential threat to the industry. So that was a huge applause line at Trump's Bitcoin conference speech when he said, I'll fire Gary Gensler.
There's not. I mean, with Trump's new coin, we don't know who his business partners are on the Trump meme coin. There's like all sorts of details about it that you would have to reveal if this was a stock on the stock market. And that doesn't get revealed in the crypto world. And the crypto industry... likes to say that some of this stuff is outdated. It's not needed anymore.
There's not. I mean, with Trump's new coin, we don't know who his business partners are on the Trump meme coin. There's like all sorts of details about it that you would have to reveal if this was a stock on the stock market. And that doesn't get revealed in the crypto world. And the crypto industry... likes to say that some of this stuff is outdated. It's not needed anymore.
There's not. I mean, with Trump's new coin, we don't know who his business partners are on the Trump meme coin. There's like all sorts of details about it that you would have to reveal if this was a stock on the stock market. And that doesn't get revealed in the crypto world. And the crypto industry... likes to say that some of this stuff is outdated. It's not needed anymore.
I like to look at the example of WeWork. When that company tried to go public back in 2019, they had to file this big prospectus that said, here's all the information about our business. And investors could read this before they decided if they wanted to buy WeWork stock. And instead of buying the WeWork stock.
I like to look at the example of WeWork. When that company tried to go public back in 2019, they had to file this big prospectus that said, here's all the information about our business. And investors could read this before they decided if they wanted to buy WeWork stock. And instead of buying the WeWork stock.
I like to look at the example of WeWork. When that company tried to go public back in 2019, they had to file this big prospectus that said, here's all the information about our business. And investors could read this before they decided if they wanted to buy WeWork stock. And instead of buying the WeWork stock.
In fact, people analyzed this and said, hey, this company, it seems like there's a lot of what's going on there is no good. Adam Neumann, its founder, was forced out and the IPO failed. If he'd been able to just launch a WeWork cryptocurrency, he wouldn't have had to disclose any of that information and he could have just sold it based on hype.
In fact, people analyzed this and said, hey, this company, it seems like there's a lot of what's going on there is no good. Adam Neumann, its founder, was forced out and the IPO failed. If he'd been able to just launch a WeWork cryptocurrency, he wouldn't have had to disclose any of that information and he could have just sold it based on hype.
In fact, people analyzed this and said, hey, this company, it seems like there's a lot of what's going on there is no good. Adam Neumann, its founder, was forced out and the IPO failed. If he'd been able to just launch a WeWork cryptocurrency, he wouldn't have had to disclose any of that information and he could have just sold it based on hype.
The cases are pending. Trump's SEC is expected to settle or drop them. The position now is that the SEC is going to find some lesser way of regulating cryptocurrency, where there are some rules, but they are not as strict as this 100-year-old system of securities regulation.
The cases are pending. Trump's SEC is expected to settle or drop them. The position now is that the SEC is going to find some lesser way of regulating cryptocurrency, where there are some rules, but they are not as strict as this 100-year-old system of securities regulation.
The cases are pending. Trump's SEC is expected to settle or drop them. The position now is that the SEC is going to find some lesser way of regulating cryptocurrency, where there are some rules, but they are not as strict as this 100-year-old system of securities regulation.
So Tether is one of the most important companies in the crypto world. Investigating Tether is what got me started on this multi-year quest to figure out what is up with this whole crypto industry. And Tether is the one cryptocurrency whose price is not intended to go up. It's called a stable coin, and its price is supposed to stay at $1 because it's backed by real money held in a bank somewhere.
So Tether is one of the most important companies in the crypto world. Investigating Tether is what got me started on this multi-year quest to figure out what is up with this whole crypto industry. And Tether is the one cryptocurrency whose price is not intended to go up. It's called a stable coin, and its price is supposed to stay at $1 because it's backed by real money held in a bank somewhere.
So Tether is one of the most important companies in the crypto world. Investigating Tether is what got me started on this multi-year quest to figure out what is up with this whole crypto industry. And Tether is the one cryptocurrency whose price is not intended to go up. It's called a stable coin, and its price is supposed to stay at $1 because it's backed by real money held in a bank somewhere.
And Tether got my attention because back in 2021, it had grown bigger than $50 billion, but there was a lot of doubt about whether they had the real money to back all those tokens.