WEBVTT - Because Crypto Is Always Awake

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<v Speaker 1>I'm Stacy Marie Ishmael, Managing editor of Crypto for Bloomberg News,

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<v Speaker 1>and this is Bloomberg Crypto that Daily Bloomberg I heard podcast.

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<v Speaker 1>It's Friday, July twenty nine. Those who are newer to

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<v Speaker 1>the world of crypto might find themselves maybe intimidated by,

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<v Speaker 1>maybe attracted by the volatility, complexity, and frantic pace of

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<v Speaker 1>an asset class that quite literally never sleeps. There are

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<v Speaker 1>those who believe crypto on the blockchain will redefine our

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<v Speaker 1>collective futures and those who argue it's just a set

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<v Speaker 1>of solutions in search of a problem. Our job is,

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<v Speaker 1>Bloomberg editors, is to assess all of these perspectives, all

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<v Speaker 1>of these headlines, all of these disagreements, and determine how

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<v Speaker 1>and whether they become stories. Welcome to another edition of

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<v Speaker 1>Friday in the Editor's Room, a conversation with Bloomberg's crypto

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<v Speaker 1>editors from around the world. It's a win know into

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<v Speaker 1>how we see crypto shaping markets and our culture. Joining

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<v Speaker 1>me today Crypto senior editors Anna Irrera, who's based in London.

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<v Speaker 1>I think maybe what we'll would shock me would be

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<v Speaker 1>if Michael Sailor seals is the big points out that

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<v Speaker 1>would be a shock. And Philip Lagerkranza, who's based in Zurich.

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<v Speaker 1>One thing that really interests me right now is what

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<v Speaker 1>the response from Singapore is going to be. Anna, phil

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<v Speaker 1>thank you for joining us, Thank you for having us.

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<v Speaker 1>I know we are all supposed to be doing all

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<v Speaker 1>sorts of other works, so I appreciate you taking the

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<v Speaker 1>time to me in the studio today. And I want

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<v Speaker 1>to start with you. You are our senior editor based

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<v Speaker 1>in London. You have been in Bloomberg five minutes, yes,

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<v Speaker 1>three weeks and five seconds, the almost fourth I think

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<v Speaker 1>this is the fourth week. What is time? What are

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<v Speaker 1>some of the big things you've seen in terms of

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<v Speaker 1>coverage out of the UK since you joined, Because I

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<v Speaker 1>believe the UK government fellow parts in like your first

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<v Speaker 1>or second week here. It was the first week someone

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<v Speaker 1>who was in training with me or was arrived the

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<v Speaker 1>same day, was covering is covering the government. So I

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<v Speaker 1>felt kind of privileged because at least I was in

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<v Speaker 1>him because we were doing training at the same time,

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<v Speaker 1>and he was like, sorry, I can't show up, and

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<v Speaker 1>it felt like he had a good excuse. Um. So

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<v Speaker 1>I also joined in crypto markets were not very calm.

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<v Speaker 1>So I was worried because obviously I was not only

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<v Speaker 1>somewhere else, but I was on Madley for a while

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<v Speaker 1>that I would arrive and there would either be no

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<v Speaker 1>market left or there would be so many things that

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<v Speaker 1>I would need to catch up on. But obviously everything

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<v Speaker 1>happened at once, and so I had to catch up

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<v Speaker 1>in two days. And I feel like with crypto, because

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<v Speaker 1>it's such a global story, you can sort of say,

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<v Speaker 1>what's happening here, but it's the same that's happening in

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<v Speaker 1>New York to ur in Singapore, it's the firms maybe

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<v Speaker 1>based there, or in the Cayman Islands or in the

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<v Speaker 1>Bahamas most likely, But you sort of don't really feel

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<v Speaker 1>like there's a local story as much. So you know,

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<v Speaker 1>we've we've we've had to catch up on what was

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<v Speaker 1>going with Celsius in three a c. There's been facets

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<v Speaker 1>of the story, the bigger stories everywhere, right, But obviously

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<v Speaker 1>with with the UK, the big thing now is like

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<v Speaker 1>what's going on with the government and what does that

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<v Speaker 1>mean for crypto because the previous cabinet um was very

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<v Speaker 1>much into regulating it or given but not in a

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<v Speaker 1>negative way. Necessarily, but regulating and giving it a framework,

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<v Speaker 1>um so that the sort of businesses can know what

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<v Speaker 1>they can or cat too, and hopefully that would attract

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<v Speaker 1>more crypto companies to the UK. This was the idea

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<v Speaker 1>of having the UK be like the crypto technology capital

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<v Speaker 1>of the world. Yes, famously was the States, and before

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<v Speaker 1>that it was being the fintech capital of the world.

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<v Speaker 1>So there's always the sort of flavor of the of

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<v Speaker 1>the two years or yeah, yeah, nothing like Empire. So

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<v Speaker 1>when the government collapsed, like, what in functional terms has

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<v Speaker 1>that meant for crypto Like is it that the people

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<v Speaker 1>who were in charge of creating that framework or that

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<v Speaker 1>environments are no longer there? Is it that their staffs

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<v Speaker 1>can't make any decision? Like what's the practical consequence of

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<v Speaker 1>not having a prime I think obviously when there's a

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<v Speaker 1>change of government and me being Italian, no, no, this

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<v Speaker 1>very well because we never have a government that lasts

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<v Speaker 1>more than five minutes. It means like you kind of

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<v Speaker 1>have to start from scratch when you're in someone in

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<v Speaker 1>industry in creating those relationships. So you know, people that

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<v Speaker 1>take over need to kind of catch up on what's

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<v Speaker 1>going on. If it's not something they've been familiar with.

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<v Speaker 1>And you know, crypto is a big deal for us,

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<v Speaker 1>but it probably isn't for the world at large at

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<v Speaker 1>this point, still in for for government, so maybe the

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<v Speaker 1>people just that are there in the Treasury need to

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<v Speaker 1>catch up with what what's happening. But also you sort

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<v Speaker 1>of need to figure out whether they do care and

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<v Speaker 1>whether they have other priorities. And in particular, the previous

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<v Speaker 1>government had someone at the head of the Treasury. She

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<v Speaker 1>soon a who's now running to be potentially the next

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<v Speaker 1>Prime minister, who was very active in this, and his

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<v Speaker 1>sort of second hand man, John Glenn, also was very

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<v Speaker 1>active in the crypto industry and they had all of

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<v Speaker 1>these plans to attract more firms here. So we're waiting

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<v Speaker 1>to see who will take over after Boris Johnson. It

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<v Speaker 1>could be so neck and so then what does that

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<v Speaker 1>mean for cryptop Maybe it's a good thing or maybe not,

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<v Speaker 1>because he's now going to be focused on some something else.

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<v Speaker 1>Um so in bigger problems of the UK exactly, yes,

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<v Speaker 1>got it. And you know, Phil, you're in Switzerland, which

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<v Speaker 1>I remember I was telling you, I'm not even sure

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<v Speaker 1>who runs Switzerland. It seems so calm all the time,

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<v Speaker 1>but you you know, you're kind of coming at this

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<v Speaker 1>from what's happening in Europe, and also because of the

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<v Speaker 1>time zone that you and Honor in you do have

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<v Speaker 1>a lot more overlap with the a PACK time zone.

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<v Speaker 1>To pick up on something that Anna said around you know,

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<v Speaker 1>there are many elements of this that are a global

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<v Speaker 1>story and there are a couple of elements that are

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<v Speaker 1>a local story. What are some of the things that

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<v Speaker 1>you're seeing kind of more locally right now? If you

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<v Speaker 1>start with a PACK, which is you know, an area

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<v Speaker 1>that that I'm also still very much Asia Pacific for

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<v Speaker 1>the Asian indeed, apologies, yes you start with Asia Pacific,

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<v Speaker 1>I think that you're seeing on most the tail end

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<v Speaker 1>of the crypto contagion playing out there. It's quite interesting,

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<v Speaker 1>you know, it started we had Celsius, I believe at

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<v Speaker 1>the very start. Three a C obviously was was probably

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<v Speaker 1>the early mover. And yes they are a sort of

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<v Speaker 1>an Asian outfit. But it's come back now to companies.

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<v Speaker 1>Many of them are based in the Singapore Vould for instance,

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<v Speaker 1>and also the Thai company zip Mix. One thing that

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<v Speaker 1>really interests me right now is the what the response

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<v Speaker 1>from Singapore is going to be we had three a

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<v Speaker 1>C that Capital, three Hours Capital that at least was

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<v Speaker 1>registered there, and Vold which is based there. Terraform Labs

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<v Speaker 1>UM is based in Singapore. They have come out to

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<v Speaker 1>say already that look, we are going to be adding

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<v Speaker 1>regulation UM to protect consumers. They've already got like a

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<v Speaker 1>marketing band from January on crypto UM and and so

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<v Speaker 1>to to to the extent that Singapore will really come

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<v Speaker 1>down hard on this sector now UM, I think that

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<v Speaker 1>is going to be a very interesting development. I think

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<v Speaker 1>the indications from the Central Bank there is that if

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<v Speaker 1>retail protectors, investors, apologies can't protect themselves, then the central

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<v Speaker 1>Bank is going to do it for them. So the

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<v Speaker 1>based on the people that you know, we have been

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<v Speaker 1>speaking to an industry, the overriding concern here is that

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<v Speaker 1>Singapore will take a turn in in the more more

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<v Speaker 1>sort of closed off or strict on direction when it

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<v Speaker 1>comes to regulations. And it's interesting, right because we're talking

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<v Speaker 1>about jurisdictions that want to attract crypto, right, so how

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<v Speaker 1>do you balance it out. Singapore was very much I

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<v Speaker 1>remember in my golden age with fintech reporting was very

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<v Speaker 1>much trying to attract fintech firms and position themselves as

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<v Speaker 1>it is a great home for fintech because the theory

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<v Speaker 1>is that then your financial sector remains competitive, right, so

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<v Speaker 1>you can't attract them too much, or if you do

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<v Speaker 1>attract them, you have to have safeguards in place. So

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<v Speaker 1>it's interesting to see if they'll swing the other way.

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<v Speaker 1>As Phil was saying, so, and I'm hearing from you that,

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<v Speaker 1>you know, the potential for crypto regulation in the UK,

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<v Speaker 1>which is something we've talked a lot about on the podcast,

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<v Speaker 1>including with our colleague Emily Nicole, has been more of

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<v Speaker 1>a shall we say positive framework in the sense of

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<v Speaker 1>they're figuring out how to make crypto work and you know,

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<v Speaker 1>set up set it up that way. Feel what I'm

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<v Speaker 1>hearing from you that Singapore is less than impressed with

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<v Speaker 1>some of the things that have gone down recently, either

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<v Speaker 1>by companies that were registered in Singapore, domiciled in Singapore,

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<v Speaker 1>or otherwise had like Singaporean exposure and customers and clients.

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<v Speaker 1>And then here in the US, it's also been a

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<v Speaker 1>pretty interesting week in terms of what regulators are appearing

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<v Speaker 1>to take action on. So one of the big headlines

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<v Speaker 1>of the past several days has been around coin base,

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<v Speaker 1>whether that's in the terms of their decline and their

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<v Speaker 1>share price earlier this week, whether that's in terms of

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<v Speaker 1>Cathy Wood, who is you know, kind of a famous

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<v Speaker 1>stock pick up, finally starting to shed holdings of coin

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<v Speaker 1>based stock from her a r K E t F.

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<v Speaker 1>But why is that happening. It's happening because the U S.

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<v Speaker 1>Securities and Exchange Commission here is now taking a pretty

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<v Speaker 1>interesting approach to appearing to regulate the crypto industry through enforcement.

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<v Speaker 1>And I think that's a little bit different from what

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<v Speaker 1>I'm hearing from you, I know, where it's not so

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<v Speaker 1>much we're shutting you down story. It's a we're going

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<v Speaker 1>to figure out how to make this work. And Phil

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<v Speaker 1>Singapore is like, we'll see if there's an enforcement action.

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<v Speaker 1>But in the US, people are getting arrested, and I

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<v Speaker 1>think that took a lot of people by surprise. It

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<v Speaker 1>certainly didn't didn't help the bitcoin price when the SEC,

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<v Speaker 1>working with various other enforcement partners, issued an action against

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<v Speaker 1>a four coin based employee for an allegation of insider trading. Now,

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<v Speaker 1>going after insider trading is absolutely what the SEC does.

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<v Speaker 1>Going after insider trading in crypto tokens freaked people out

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<v Speaker 1>because what that suggested is the SEC was starting to

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<v Speaker 1>define at least a limited number of those tokens as

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<v Speaker 1>securities for the purposes of enforcement. And pretty much like

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<v Speaker 1>every good crypto lawyer, this week has been like, you know,

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<v Speaker 1>writing statements calling clients, being called by clients that the

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<v Speaker 1>chief legal officer at coin base, you know, spun up

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<v Speaker 1>a blog post in record timing like this is why, um,

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<v Speaker 1>we don't think that these things are securities. We don't

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<v Speaker 1>list on registered securities on our plota where coin based

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<v Speaker 1>trades a lot more than Bitcoin. They can fact more

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<v Speaker 1>than a hundred and fifty different tokens are traded, and

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<v Speaker 1>they're asking the SEC for clarity around the rules, even

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<v Speaker 1>as they make clear that they don't think they did

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<v Speaker 1>anything wrong here. If they were found to have traded

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<v Speaker 1>security use, then the company may well have to file

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<v Speaker 1>register with the SEC as in exchange. So around the world,

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<v Speaker 1>the regulation story does seem to be the one that

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<v Speaker 1>is going to continue to dominate our coverage, at least

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<v Speaker 1>for a minute. Yeah, I think I think what's really

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<v Speaker 1>interesting about the us IS and the SEC is that

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<v Speaker 1>they've been warning that some of these things or securities

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<v Speaker 1>for a very long time, at least since the last crash, right, so,

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<v Speaker 1>I think people had lost hope that they would actually

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<v Speaker 1>come in and enforce in a way that was significant

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<v Speaker 1>around this, and they were sort of asking the industry

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<v Speaker 1>was asking sec please give us a list of what

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<v Speaker 1>is a token or what is it that way we

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<v Speaker 1>know for sure, and they didn't, and so now they're

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<v Speaker 1>starting to come in. The question I have is which

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<v Speaker 1>is which is You know, coin base was allowed to

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<v Speaker 1>list and a lot of these assets were on their platform,

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<v Speaker 1>so some people were maybe expecting that that was sort

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<v Speaker 1>of a okay, then everything is fine with coin base,

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<v Speaker 1>because it's not a public company, and so it means

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<v Speaker 1>that the things it listed had received a sort of

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<v Speaker 1>task it approval or there wasn't anything you know there

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<v Speaker 1>that was was a security but didn't have the proper registration.

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<v Speaker 1>So it's quite surprising that they did come in, and

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<v Speaker 1>I wonder whether they will go after more firms or

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<v Speaker 1>if you know, it will take a lot of money

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<v Speaker 1>to fight coin bas because coin bases, i mean, their

0:12:15.920 --> 0:12:18.280
<v Speaker 1>share price has fallen, but they do have a lot

0:12:18.280 --> 0:12:21.320
<v Speaker 1>of resources, and so it's interesting that they decided to

0:12:21.360 --> 0:12:24.439
<v Speaker 1>pick a fight with with coin based um if you

0:12:24.480 --> 0:12:26.480
<v Speaker 1>can call it picking a fight, but you know it

0:12:26.520 --> 0:12:28.720
<v Speaker 1>will it will definitely be a sort of court battle

0:12:28.800 --> 0:12:31.360
<v Speaker 1>to watch, right. Yeah. I think that's one of the

0:12:31.400 --> 0:12:33.360
<v Speaker 1>things that we're certainly gearing up for, is that a

0:12:33.360 --> 0:12:36.760
<v Speaker 1>lot of this is going into courts. It's very similar

0:12:36.880 --> 0:12:39.840
<v Speaker 1>to what we've also talked about on the podcast with

0:12:40.240 --> 0:12:43.440
<v Speaker 1>Gray Scale being really clear that they are going to

0:12:43.480 --> 0:12:47.240
<v Speaker 1>take the sec to court because they disagree with the

0:12:47.320 --> 0:12:50.920
<v Speaker 1>regulator's decision to continue to not allow them to convert

0:12:51.520 --> 0:12:54.040
<v Speaker 1>their you know, bitcoin trust, one of the biggest in

0:12:54.080 --> 0:12:57.840
<v Speaker 1>the world, into an exchange traded fund. Certainly fun times

0:12:57.880 --> 0:13:01.840
<v Speaker 1>for regulation reporters at Bloomberg and every else. We'll be

0:13:01.920 --> 0:13:03.760
<v Speaker 1>right back with some more of the crypto trends that

0:13:03.760 --> 0:13:06.320
<v Speaker 1>we're watching as we head into the coming week. You'll

0:13:06.360 --> 0:13:08.600
<v Speaker 1>be hearing from Anna and Phil, two of our senior

0:13:08.679 --> 0:13:18.760
<v Speaker 1>editors for Bloomberg Crypto. Just as a kind of a

0:13:18.840 --> 0:13:22.280
<v Speaker 1>closing question or closing thought. I always get asked, what

0:13:22.320 --> 0:13:23.720
<v Speaker 1>do you think is going to happen next? And my

0:13:23.760 --> 0:13:27.520
<v Speaker 1>default answer is I genuinely have new idea because I

0:13:27.559 --> 0:13:29.760
<v Speaker 1>feel like every week, every day we wake up and

0:13:29.800 --> 0:13:32.000
<v Speaker 1>there's like well, here's a headline that we weren't necessarily

0:13:32.040 --> 0:13:34.720
<v Speaker 1>expecting to see. So I'll ask you a slightly different question.

0:13:34.760 --> 0:13:36.640
<v Speaker 1>Phil will start with you, is there anything that didn't

0:13:36.679 --> 0:13:39.360
<v Speaker 1>surprise you this week where you're like, yeah, totally saw

0:13:39.400 --> 0:13:44.719
<v Speaker 1>that coming. No. Look, I think the South Korean investigation

0:13:45.000 --> 0:13:49.680
<v Speaker 1>into Terraform Labs and it's co founder Do Kwan and

0:13:49.760 --> 0:13:53.000
<v Speaker 1>its other co founder now Danlian Shin as well, they

0:13:53.000 --> 0:13:56.199
<v Speaker 1>had telegraphed that, you know, something was coming on that,

0:13:56.320 --> 0:14:00.160
<v Speaker 1>and we saw them rating various ex changes and home

0:14:00.280 --> 0:14:03.000
<v Speaker 1>this week to collect evidence. I guess you could call

0:14:03.040 --> 0:14:06.400
<v Speaker 1>it UM. I think that was telegraphed. I I was

0:14:06.400 --> 0:14:09.160
<v Speaker 1>surprised that the width and the scope of what they did.

0:14:09.480 --> 0:14:12.640
<v Speaker 1>Other than that, I think there was a rough expectation

0:14:12.760 --> 0:14:16.480
<v Speaker 1>that the contagion wasn't quite over. And so when when

0:14:16.559 --> 0:14:20.720
<v Speaker 1>zip Mix came out and said that, you know, they

0:14:20.720 --> 0:14:24.240
<v Speaker 1>had frozen withdrawals, the name to me was surprising. It

0:14:24.280 --> 0:14:26.280
<v Speaker 1>wasn't aware the name that I was keenly aware of,

0:14:26.400 --> 0:14:30.240
<v Speaker 1>but that there were entities out there that were nursing

0:14:30.440 --> 0:14:34.440
<v Speaker 1>heavy losses from the contagion UM wasn't a huge surprise

0:14:34.480 --> 0:14:37.920
<v Speaker 1>to me. But other than that, pretty much everything is

0:14:38.240 --> 0:14:41.200
<v Speaker 1>always a surprise, makes it fun. What about you, Anna,

0:14:41.320 --> 0:14:44.640
<v Speaker 1>I'm a little more jaded. I'm like the grandmother of

0:14:44.960 --> 0:14:48.320
<v Speaker 1>some crypto reporting at this point. I feel I'm not

0:14:48.440 --> 0:14:51.200
<v Speaker 1>ever like, oh, shocked, but it's like, wow, this is

0:14:51.320 --> 0:14:54.000
<v Speaker 1>evolving like we might have expected had we followed a

0:14:54.040 --> 0:14:57.040
<v Speaker 1>bit more attention. People are paid more attention. I think

0:14:57.080 --> 0:14:59.160
<v Speaker 1>maybe what we would shock me would be if Michael

0:14:59.240 --> 0:15:01.160
<v Speaker 1>Sailor cells the big coins out. That would be a

0:15:01.200 --> 0:15:04.080
<v Speaker 1>shock at this point. But to be honest that the

0:15:04.080 --> 0:15:06.600
<v Speaker 1>the the sec fight as I will continue to call

0:15:06.680 --> 0:15:09.720
<v Speaker 1>it with with coin based sort of was surprising because

0:15:09.840 --> 0:15:12.000
<v Speaker 1>it is a big step. And I just said, like

0:15:12.080 --> 0:15:13.960
<v Speaker 1>arresting people. You know, I remember with the with the

0:15:14.000 --> 0:15:15.640
<v Speaker 1>I c O boom, people are like, people are going

0:15:15.680 --> 0:15:17.840
<v Speaker 1>to get arrested, and like, you know, it's not going

0:15:17.880 --> 0:15:20.280
<v Speaker 1>to go well, You're you're issuing on registered securities in

0:15:20.320 --> 0:15:23.240
<v Speaker 1>a very bombastic fashion, raising hundreds of millions of dollars

0:15:23.240 --> 0:15:26.640
<v Speaker 1>with retail investors and then literally no one really of

0:15:26.720 --> 0:15:30.080
<v Speaker 1>any significance did go to jail for that. So you know,

0:15:30.440 --> 0:15:33.560
<v Speaker 1>it is always quite shocking when when when they take

0:15:33.600 --> 0:15:35.920
<v Speaker 1>that sort of step from the digital world into the

0:15:35.920 --> 0:15:38.960
<v Speaker 1>real world, of you know, handcuffs. Well, to your point,

0:15:39.000 --> 0:15:42.120
<v Speaker 1>there's a big there's a big gap between these initial

0:15:42.280 --> 0:15:45.080
<v Speaker 1>arrests and these allegations and anything that will actually happen

0:15:45.120 --> 0:15:47.800
<v Speaker 1>in courts, right, like we don't know what's going to

0:15:47.840 --> 0:15:51.120
<v Speaker 1>happen to the sex coin based employee. The headlining, the

0:15:51.160 --> 0:15:53.640
<v Speaker 1>immediate headlining stuff is always like the thing has happened,

0:15:53.960 --> 0:15:57.760
<v Speaker 1>and then there's months and years of people in courts

0:15:57.800 --> 0:16:02.040
<v Speaker 1>and paperwork filed and yeah, we're still RP sorry for

0:16:02.160 --> 0:16:06.160
<v Speaker 1>ripple exactly. Yeah. So you know, well, the good news

0:16:06.280 --> 0:16:08.200
<v Speaker 1>is we will be here to cover it and we

0:16:08.280 --> 0:16:10.480
<v Speaker 1>will all carry on talking about it in the future.

0:16:10.760 --> 0:16:13.800
<v Speaker 1>But thank you both for joining me here today and

0:16:13.920 --> 0:16:16.040
<v Speaker 1>you know you'll be back on the pod maybe next week.

0:16:16.640 --> 0:16:20.000
<v Speaker 1>Thank you. Thank you. You heard from senior editor Anna

0:16:20.080 --> 0:16:23.640
<v Speaker 1>Arera and senior editor of Philip Lagerkranza. You can find

0:16:23.680 --> 0:16:25.880
<v Speaker 1>all of our work in the Bloomberg terminal on Bloomberg

0:16:25.920 --> 0:16:28.960
<v Speaker 1>dot com and we're all on Twitter. Anna is that

0:16:29.120 --> 0:16:32.680
<v Speaker 1>at Anna Arera, that's I R R E R A.

0:16:33.360 --> 0:16:36.920
<v Speaker 1>And Phil is at Lagerkranza Elite member of the Last

0:16:37.040 --> 0:16:42.680
<v Speaker 1>Name Club. On the next episode of Bloomberg Cryptoe Alone,

0:16:42.960 --> 0:16:45.840
<v Speaker 1>cops in the US and UK sees billions of dollars

0:16:45.840 --> 0:16:49.840
<v Speaker 1>of crypto assets from various different criminal busts. With so

0:16:49.920 --> 0:16:52.880
<v Speaker 1>much money on the line and stakes only getting higher,

0:16:53.560 --> 0:16:56.800
<v Speaker 1>enforcement agencies around the world have had to learn quickly

0:16:57.040 --> 0:16:59.320
<v Speaker 1>how to spot these digital assets and take them out

0:16:59.320 --> 0:17:02.760
<v Speaker 1>of the hands of finals. Bloomberg reports, Ellen Milligan and

0:17:02.840 --> 0:17:06.240
<v Speaker 1>David Variakos will join me to discuss how the seizures

0:17:06.280 --> 0:17:09.919
<v Speaker 1>of digital assets are transforming policing, both in terms of

0:17:09.920 --> 0:17:17.280
<v Speaker 1>policy and protocol around the world. This is Bloomberg Crypto,

0:17:17.520 --> 0:17:20.800
<v Speaker 1>a daily podcast from Bloomberg and I Heart Radio. For

0:17:20.880 --> 0:17:23.120
<v Speaker 1>more shows from I Heart Radio, visit the I Heart

0:17:23.200 --> 0:17:26.760
<v Speaker 1>Radio app, Apple Podcasts, or wherever you get your podcast.

0:17:27.680 --> 0:17:30.280
<v Speaker 1>Send us your comments, questions, or suggestions for the show

0:17:30.400 --> 0:17:33.719
<v Speaker 1>to Crypto at Bloomberg dot net or find us on Twitter.

0:17:33.960 --> 0:17:40.000
<v Speaker 1>We're at Crypto. The supervising producer of Bloomberg Crypto is

0:17:40.080 --> 0:17:44.479
<v Speaker 1>Vicky very Galina. Our senior producer is Janet Babin. Our

0:17:44.520 --> 0:17:49.080
<v Speaker 1>producer is Sharon Barriro. Our producer is Mohammed Farup. Our

0:17:49.119 --> 0:17:53.080
<v Speaker 1>associate producers are Zena Sudiki and Thaie Butler. Desta wonder

0:17:53.160 --> 0:18:00.520
<v Speaker 1>At is our engineer original music by Leo Sidrin. I'm Stacy,

0:18:00.600 --> 0:18:21.800
<v Speaker 1>Marie Ishmael. Have a great weekend. M