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SEC Seeks to Slash $22M Fine on Crypto Firm LBRY; Paul Tudor Jones on State of Bitcoin in the U.S.

The most valuable crypto stories for Monday, May 15, 2023.

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ABOUT

This episode is sponsored by Ciphertrace.

"The Hash" hosts discuss some of the top stories facing the crypto industry today, including hedge fund manager Paul Tudor Jones saying that bitcoin (BTC) has become less attractive thanks to an unfriendly regulatory picture in the United States. Separately, the SEC wants to revise a $22 million penalty set on crypto startup LBRY to $111,614, according to court documents. And, Worldcoin, the crypto project led by OpenAI CEO Sam Altman, is reportedly "in advanced talks" on a new round of funding worth $100 million. Finally, CoinDesk Chief Insights Columnist David Z. Morris sheds light on the ties between Sam Bankman-Fried and disgraced Congressman George Santos.

See also:

Bitcoin Has a 'Real Problem' in U.S.: Paul Tudor Jones

SEC Seeks to Slash $22M Fine on Crypto Firm LBRY to $111K

Sam Altman’s Crypto Project, Worldcoin, Releases First Major Consumer Product

Sam Bankman-Fried's Ties to George Santos Are Just the Beginning


Ciphertrace, a Mastercard company, helps banks, governments, regulators, exchanges and VASPs to trace the movement and risk of crypto funds, uncover illicit activity, and help comply with global regulations. Get in touch today to find out more at Ciphertrace.com.

This episode has been edited by senior producer is Michele Musso and the executive producer is Jared Schwartz. Our theme song is “Neon Beach.”

HOSTS

Zack Seward

Zack Seward is CoinDesk’s contributing editor-at-large. Up until July 2022, he served as CoinDesk’s deputy editor-in-chief. Prior to joining CoinDesk in November 2018, he was the editor-in-chief of Technical.ly, a news site focused on local tech communities on the U.S. East Coast. Before that, Seward worked as a reporter covering business and technology for a pair of NPR member stations, WHYY in Philadelphia and WXXI in Rochester, New York. Seward originally hails from San Francisco and went to college at the University of Chicago. He worked at the PBS NewsHour in Washington, D.C., before attending Columbia’s Graduate School of Journalism.

Zack Seward
David Z. Morris

David Z. Morris was CoinDesk's Chief Insights Columnist. He has written about crypto since 2013 for outlets including Fortune, Slate, and Aeon. He is the author of "Bitcoin is Magic," an introduction to Bitcoin's social dynamics. He is a former academic sociologist of technology with a PhD in Media Studies from the University of Iowa. He holds Bitcoin, Ethereum, Solana, and small amounts of other crypto assets.

David Z. Morris
Wendy O

Wendy O runs the largest and most-watched female-run crypto YouTube program globally, "The O Show," which focuses on bringing tech-heavy information to the masses in a clear and easy-to-understand format. Prior to going full-time crypto at the end of 2018, Wendy worked at the largest infectious disease company in the world. Her role there consisted of working with newly diagnosed and existing patients to coordinate their care. Working with 300+ patients per month gave Wendy the ability to effectively communicate complex information to people from all different cultures and backgrounds which she uses while creating content. Wendy was born and raised in Los Angeles County, California and takes pride in hosting free events for her community and making sure the unrepresented have access to free crypto education. She holds BTC, ETH, GALA along with other cryptocurrencies along with NFTs above CoinDesk's disclosure threshold of $1,000.

Wendy O
SEC Seeks to Slash $22M Fine on Crypto Firm LBRY; Paul Tudor Jones on State of Bitcoin in the U.S.