$82,586.00
-1.02%$1,902.36
-0.38%$2.31
3.83%$595.24
6.65%$126.48
-1.24%$0.999873
0.00%$0.727079
-3.45%$0.169564
-0.62%$0.22586
1.52%$1,899.72
-0.39%$1.71
2.62%$82,503.00
-0.97%$9.72
0.14%$0.29037
11.58%$13.34
-1.01%$0.198389
-4.21%$1.00
0.03%$2,277.00
-0.58%$18.78
0.55%$2.28
-1.69%$0.0000122
-1.53%$2.77
2.36%$89.83
-1.48%$333.46
-4.03%$6.50
1.88%$4.05
0.89%$0.999608
0.08%$1,903.89
-0.48%$0.999201
-0.12%$4.21
-0.06%$12.41
-10.60%$28.47
-2.12%$209.35
0.80%$2,019.20
-0.60%$5.98
-0.72%$1.044
0.15%$5.11
-1.41%$2.61
3.81%$0.00000702
4.61%$0.858798
-2.84%$17.94
1.04%$5.57
1.50%$172.54
-0.93%$41.78
1.30%$0.741379
-1.98%$82,615.00
-1.05%$20.35
0.62%$0.082546
2.41%$251.29
-5.81%$10.75
2.20%$26.68
-0.45%$0.02427019
-1.84%$0.997804
0.23%$0.363112
-2.94%$3.56
3.72%$0.216892
-1.70%$0.072924
3.83%$2.79
-0.65%$3.93
0.66%$3.99
0.12%$0.19667
-0.58%$0.500637
10.60%$3.02
-2.92%$0.34823
0.60%$5.88
-1.61%$0.999628
0.07%$0.860055
-0.23%$0.508865
-3.51%$11.04
0.65%$0.500596
-1.32%$82,464.00
-1.23%$1,896.69
-0.90%$0.464527
-5.40%$76.85
0.57%$1,974.21
-0.46%$0.067362
1.15%$1.055
-0.75%$17.30
-0.26%$0.997569
-0.00%$1,150.46
5.48%$0.63113
-1.97%$0.532946
0.54%$2,137.20
-0.60%$0.843035
1.70%$9.33
-4.16%$0.01473939
-4.07%$131.35
-1.65%$0.883087
-1.64%$0.190005
0.06%$0.091295
-2.02%$1.00
0.05%$0.00001061
-0.05%$82,603.00
-0.50%$0.902859
-2.86%$0.50176
0.55%$2,016.22
-0.71%$2,939.83
1.06%$0.01652143
-0.27%$0.689327
-0.61%$0.999071
-0.04%$0.999938
-0.09%$1.001
0.24%$595.36
6.27%$0.00000069
-0.67%$0.277303
-3.31%$6.15
1.66%$82,393.00
-1.07%$0.182457
-0.16%$2.22
0.61%$33.24
1.39%$0.111247
1.67%$0.0134075
-3.73%$0.398659
-0.62%$1.00
-0.01%$1.00
0.00%$2,961.40
1.06%$161.57
-1.43%$1,976.04
-0.47%$0.00006091
-2.34%$7.88
-0.20%$16.70
-0.66%$0.999591
-0.01%$0.404101
-2.95%$0.999398
-0.01%$0.144418
0.44%$2.88
1.77%$138.28
-1.38%$0.075754
3.59%$0.00559704
-5.57%$0.826228
1.64%$18.00
-3.06%$3.17
-1.46%$0.267519
-0.82%$0.998639
0.17%$30.19
2.75%$0.174686
3.49%$0.473325
2.90%$1.62
0.91%$81,778.00
-1.45%$0.436601
0.68%$0.611042
0.15%$1.63
5.73%$0.99988
0.01%$0.01343357
-5.02%$1,902.14
-0.44%$2,015.68
-0.63%$0.168936
-1.12%$1,902.02
-0.33%$0.00000044
1.52%$82,766.00
-0.87%$0.529778
-1.28%$82,624.00
0.46%$0.00002076
-0.60%$0.504493
-3.77%$0.60996
3.51%$0.04316111
-1.26%$110.29
0.01%$1.079
0.21%$0.997983
0.69%$1.15
1.75%$0.080448
0.08%$6.09
-1.27%$0.39604
-2.23%$0.998362
0.04%$0.216744
-2.58%$5.67
0.78%$1.088
-0.33%$81,715.00
-1.57%$0.0060957
-4.19%$1,900.39
-0.58%$0.872754
2.17%$22.21
-0.21%$40.61
-2.41%$1.46
8.66%$82,426.00
-1.30%$1,937.38
0.48%$2.05
-1.83%$0.366609
-4.94%$0.00401367
1.12%$1.41
-5.63%$0.00006154
-1.50%$0.355001
9.82%$1,979.51
-0.57%$0.998735
-0.19%$0.999634
0.03%$1.32
2.34%$123.23
-1.00%$0.00590944
-1.56%$3.94
-6.53%$0.03183205
3.79%$0.253937
-1.87%$0.00542812
-4.77%$1.29
-1.42%$1,878.62
-0.57%$0.266592
1.43%$0.294134
4.46%$0.03013826
0.49%$0.27937
1.60%$0.645011
4.25%$2,076.68
-0.52%$0.819244
-1.69%$1,905.21
-0.58%$0.545298
0.67%$0.197766
-1.11%$0.135747
3.42%$1.099
-2.82%$22.10
0.79%$2,004.78
-0.41%$2.80
0.98%$1.00
0.04%$82,480.00
-1.08%$16.11
0.72%$0.03936657
11.66%$0.088792
-0.63%$0.00000012
0.53%$0.069628
-2.66%$0.00336349
-4.34%$0.03703285
-0.13%$1,658.85
-0.98%$83,001.00
-0.49%$1,902.99
-0.37%$2,060.99
-0.53%$1,908.29
0.60%$2,944.30
1.00%$0.01213633
0.69%$1.17
19.69%$0.03090631
-0.64%$0.103937
-0.53%$0.407224
-0.51%$0.090634
12.95%$2.13
0.06%$0.00484046
-0.25%$1.00
0.03%$0.612151
0.84%$0.147423
-1.58%$0.00211947
-3.38%$2.17
-0.36%$1.00
-0.06%$0.275929
23.72%$0.03176573
0.21%$0.0024321
0.80%$0.214153
-4.78%$0.186168
9.29%$0.244992
-0.34%$81,695.00
-0.27%$5.31
-1.47%$0.999938
0.04%$0.482975
4.50%Reading
Last year’s collapse of the crypto exchange FTX resulted in a tectonic shift for the industry.
Undermined confidence in the nascent sector compounded by unprecedented regulatory scrutiny are just some of the repercussions of those events, which revealed the mismanagement of billions of dollars of investors’ funds on the part of the exchange’s founder Sam Bankman-Fried and the affiliated companies.
Speaking on Decrypt's gm podcast, Coinbase's chief legal officer Paul Grewal said “there’s no question that FTX set the entire industry back, and frankly, the whole conversation around crypto.”
To Grewal, this is understandable, to a large extent, since “what we saw with FTX was nothing short of flat-out fraud. And that should give everyone, including regulators, concern, and perhaps even pause, on the right way to make sure that tragedies like that never happen again."
Paul Grewal is the Chief Legal Officer at Coinbase and a former U.S. magistrate judge in Northern California. He gave Dan Roberts and Stacy Elliott his candid takes on Sam Bankman-Fried and FTX, the SEC's crackdown on staking, the sanctioning of Tornado Cash, and more alpha on how Coinbase is approaching the current unfriendly US regulatory environment. Watch and make sure to subscribe to the gm podcast on Apple or Spotify.
Grewal’s remarks come amid a recent wave of regulatory enforcement actions, including a $30 million fine for Coinbase’s competitor Kraken imposed by the SEC for offering unregistered securities.
Coinbase’s chief legal officer still thinks that the crypto industry deserved some of the criticism, saying “that it was complaining about rules or the possibility of rules without really offering solutions.”
To Grewal, the right way to find solutions is to be proactive and be engaged in more conversations with regulators and policymakers.
The SEC today hit San Francisco-based cryptocurrency exchange Kraken with a $30 million fine for violating securities laws. In a Thursday announcement, the regulatory body announced the firm had failed to register the offer and sale of their crypto asset staking-as-a-service program. Kraken—which consists of Payward Ventures, Inc. and Payward Trading Ltd.—agreed to halt its staking service for U.S. clients but did not admit or deny the allegations in the SEC’s complaint. SEC Chair Gary Gensle...
“I do think that the conversations have not been as open as they could be and should be when it comes to figuring out what digital assets qualify as securities, figuring out what are the right standards and rules that ought to be adopted for issuer disclosures,” Grewal told Decrypt.
According to him, there could be a very long list of questions to be discussed with the regulators, “but the point is that no one has a monopoly on wisdom in crypto.”
Listen to the full episode and subscribe to the gm podcast.
The rapid growth of AI is forcing writers, artists, and musicians to grapple with how artificial intelligence will change the way they work. One musician who’s enthused about the possibilities is Avenged Sevenfold frontman Matt Sanders (a.k.a. M. Shadows), who told Decrypt’s gm podcast that “AI can be incredibly useful” for songwriters. “You're using AI to not only spark ideas, but you're using it a much quicker way to kind of get to some of these cool little nuggets of gold,” he said. “If you...
With millions of albums sold and a sizable global following, heavy metal band Avenged Sevenfold is arguably the largest music act building in the Web3 space today—from launching its own NFT-based club to helping ticketing giant Ticketmaster roll out token-gated ticket sales. Avenged Sevenfold frontman Matt Sanders (a.k.a. M. Shadows), himself an avid NFT collector and CryptoPunks and Bored Ape Yacht Club member, recently joined Decrypt’s gm podcast. He detailed how the long-running band first e...
Having a bug bounty program to pay white hat hackers for reporting vulnerabilities is one thing. But staffing an always-on security desk to respond to those reports can be really expensive, said Immunefi founder and CEO Michell Amador. “Lots of people don't want to wake up on Sunday at 4 a.m. in the morning to deal with a report, and you can't know if the report is that serious hack, or if it's just spam” Amador said on a recent episode of gm from Decrypt. “And so [companies] contract us to prov...
