662:Ripple's SEC Battle and ARK's Ether ETF Gamble

Episode 662:

Ripple’s Larsen Slams SEC - Chris Larsen criticizes the SEC's approach, hinting it stifles innovation and drives firms overseas. He highlights the SEC's flaws, suggesting the U.S. risks its global blockchain leadership.

ARK's Ether ETF Bid - ARK Invest and 21Shares aim for a U.S. Ether ETF. If approved, it could reshape crypto investment, offering direct Ether investment. The SEC's decision could be a precedent for future crypto ETFs.

Fair Value in Crypto - FASB introduces new accounting rules, enabling firms to report crypto at market value. Effective from late 2024, this could spur institutional crypto adoption.

Visa's Solana Deal - Visa partners with Solana for fast cross-border payments, indicating a shift towards blockchain in traditional finance. The move could boost stablecoin adoption and blur lines between financial realms.

Vitalik's Privacy Fix - Vitalik Buterin unveils Privacy Pools, aiming to balance privacy with compliance. Using zero-knowledge proofs, it seeks to verify fund legality while keeping transactions private.

Genesis Sues DCG - Genesis sues Digital Currency Group over unpaid loans exceeding $600M. The case underlines the need for transparency and accountability in crypto, and could have widespread implications.

Crypto Overnighter Podcast (9/7/2023): Welcome back to the Crypto Overnighter with your host, Nikodemus. We provide nightly updates on cryptocurrency, NFTs, the metaverse, and the surrounding industry. Remember, this show does not offer financial advice.

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