689:SEC Showdowns & Global Surveillance: Ripple, Coinbase, and Project Atlas

Episode 689:

Ripple Thwarts SEC - Ripple defeats the SEC in court as Judge Torres denies the agency's appeal motion. This forces the SEC to wait until after the trial for further appeals, highlighting the SEC's faltering attempts to regulate the crypto world.

SEC's Crypto Power Grab - The SEC aims to classify cryptocurrencies as securities, sparking a legal battle with Coinbase. This could set a precedent, alerting the crypto industry to potential regulatory encroachments.

McHenry Takes the Helm - Rep. Patrick McHenry temporarily becomes Speaker of the House, potentially fast-tracking pro-crypto bills. However, the volatile political landscape and Senate approval remain hurdles.

Fentanyl's Crypto Underbelly - DOJ charges Chinese firms for crypto use in fentanyl trade. Senator Elizabeth Warren sees this as a chance to tighten crypto regulations, raising concerns about government control over crypto.

BIS Tracks Crypto - Bank for International Settlements launches Project Atlas to track crypto transactions. Marketed as a "public good," the project raises surveillance concerns and could influence future regulations.

CBDC Alert (RoK) - Bank of Korea tests a wholesale CBDC with the BIS. This could be a stepping stone toward a future of centralized digital currencies, questioning financial freedom and privacy.

Crypto Overnighter Podcast (10/4/2023): 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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