Gary Gensler Gets Grilled

The team at Collective Shift highlight the recent news in crypto for the week. Market updates, SEC going after Bittrexx and naming multiple tokens as securities and of course crypto companies migrating from the US to the international stage

Key Takeaways 

1. Infation in the UK hits hard at 10%. A worrying sign of the future
2. BTC and ETH down 10%, but zoom out, we're up 90% this year
3. SEC news: Enforcement action agasint Bittrexx and 6 altcoins, including DASH and OMG
4. Gary Gensler faces the heat in congress, could not give an asnwer on if ETH is a security
5. Gary may face his own job loss as new legislation comes in to fire him for overeaching. 
6. Positive news: Euro pegged stableocoin on Ethereum, Helium and Render's successful migration to Solana and Russia to use Crypto for international settlements
7. The team give one underappreciated news item this week: Pokemon Cards and y00ts

Timestamps:

00:00 Introduction

00:22 Markets 

01:16 BTC

03:00 SEC

09:00 Gary Gensler

12:25 DEFI

14:50 Positive News

18:05 MSTR

22:00 SUI

24:22 MICA

27:29 Underrated