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Florida Governor Ron DeSantis Proposes Law to Ban CBDCs
A legislative proposal from Florida Governor Ron DeSantis would prohibit using a national central bank digital currency (CBDC) as money within his state. This comes as the Biden administration is studying the possibility of introducing a CBDC. "The Hash" panel weighs in on an issue that is likely to get more prominence as the next U.S. presidential election starts to heat up.

Treasury Secretary Yellen: U.S. Could Backstop More Deposits if Necessary to Support Banking System
Treasury Secretary Janet Yellen said Tuesday that the U.S. government is already taking steps to backstop deposits, saying "similar actions could be warranted if smaller institutions suffer deposit runs that pose the risk of contagion." Meanwhile, U.S. officials are studying ways to temporarily expand FDIC coverage to all deposits if needed in a crisis. "The Hash" panel discusses the latest developments amid a brewing banking crisis.

IRS Looks to Tax NFTs Like Other Collectibles
The U.S. Internal Revenue Service is considering whether to tax non-fungible tokens (NFT) on a par with other collectibles, such as stamps, works of art and fine wine, in a move likely to have an impact on those including the digital assets within their retirement plan, according to a document published Tuesday. "The Hash" panel discusses the proposal and the future of crypto taxes.

India's Central Bank Exploring Privacy Legislation for Retail CBDC Users
India's central bank is advocating for legislation that will allow users of its retail central bank digital currency (CBDC) to delete any transactions from the network's ledger in order to maintain anonymity, a highly placed person told CoinDesk. "The Hash" panel discusses the wider implications of preserving privacy on the blockchain, as lawmakers and individuals across the world have been concerned about the potential surveillance aspects of CBDCs.

BitMEX Acting CEO on Crypto Markets Outlook
Crypto exchange BitMEX has published a report titled "Crypto Outlook – Fundamentals vs. Sentiment: Three Scenarios to Watch in 2023." Stephan Lutz, BitMEX Acting CEO and Group Chief Financial Officer, discusses the key takeaways.

CoinRoutes CEO on Bitcoin's Potential as Digital Gold
"If [bitcoin] achieves the market cap that gold has, that's related to its monetary purpose, it would be somewhere in the $500,000 to a million bucks," CoinRoutes CEO and co-founder Dave Weisberger said. "The likelihood of bitcoin achieving that critical mass has never been higher," Weisberger added.

BitMEX Acting CEO on Arthur Hayes' NakaDollar Idea
Arthur Hayes, co-founder of crypto exchange BitMEX, has proposed a stablecoin backed by bitcoin (BTC) and bitcoin derivatives called the NakaDollar. BitMEX Acting CEO and Group Chief Financial Officer Stephan Lutz reacts to the proposal, saying, "Arthur's idea is a natural one."

Bitcoin Hovers Around $28K Ahead of Key Fed Decision
Bitcoin (BTC) is hovering around $28,000 after the largest cryptocurrency by market capitalization has rallied nearly 70% since the start of 2023. Dave Weisberger, CEO and co-founder of algorithmic crypto trading platform CoinRoutes, joins "First Mover" to discuss his crypto market analysis.

Coinbase Halts Support for Signature Bank’s Signet Network: WSJ
The Wall Street Journal reports that crypto exchange Coinbase told clients it's no longer supporting Signet, the real-time payments network of failed Signature Bank. "First Mover" hosts Christine Lee and Lawrence Lewitinn weigh in as bitcoin (BTC) hovers around $28,000.

Protocol Labs Exec on Future of Filecoin
The Filecoin Virtual Machine (FVM) network upgrade went live last week, introducing smart contracts and enabling developers to design dapps on Filecoin, a decentralized file storage network. Molly Mackinlay, Head of Engineering at Protocol Labs, the company behind Filecoin, discusses what FVM brings to the Filecoin community and the broader crypto ecosystem. Plus, insights into Filecoin's space and AI projects.
