u. s. securities exchange commission said it was considering taking action against the coin base exchange. what's happening? yeah, so it, it looks like it's a war against crypt. so right. a witch hunt? i mean we've got coin base, we've got tron, which is a big crypto crypto project. and we've seen this with us before. so if you look at any sort of nascent tech industry, what you, what you tend to see. so the one that i like to compare with is the, is the on online game into the gaming industry. so when people started betting on line, right? so when that happened, the u. s. allowed, that's happened for a while and then they just, they didn't really understand it. so instead of regulating it, which would be the central thing here, would be to invite these people and let people might a lot of money. we would probably like to get some tax from, you know, they just trying to put everyone in jail and not that always seems to be the way in which the us works. but the reason i think this is happening to binary in order honesty is because when the special operations started, most crypto currency e

u. s securities and exchange commission charged chinese cryptocurrency entrepreneur justin san with fraud also accused eight celebrities including lindsay lohan and rapper soulja boy with illegally promoting sons. crypto assets. his company's tron foundation, bit torrent, foundation and rain . berry are accused of scheming to distribute billions of crypto assets. the sec says sons activity generated tens of millions of dollars of illegal profit at other investors expense. coming up on news at 6 30 for the first time in us history of former prison warden in the bay area has been sentenced to prison for sexually abusing inmates. how many years the judges sending him away. also head tonight, authorities in san francisco released a new price tag on the cost to solve homelessness in their city. some supervisors aren't buying it and after leading japan to the world baseball classic, shohei otani gets a special conor jason as the story coming up "the doctor will see you now." but do they really? do they see all that you are? at kaiser permanente all of us work together to care for all that is yo

u. s believes the economy will become progressively worse this year, and charges were handed down against the crypto currency company and its celebrity promoters, the u. s securities and exchange commissiontocurrency entrepreneur justin sun with fraud. it also accused eight celebrities, including lindsay lohan, the rappers, soldier boy and jake paul for promoting his assets and not disclosing that they were being paid. the sec says sons activity generated tens of millions of dollars of the illegal profits at the expense of other investors. the us treasury department is expected to give some new details next week about federal subsidies for electric vehicles and their battery makers. the federal government is offering billions of dollars to companies that build the batteries or part of the manufacturing process here in the us that includes locating and refining lithium, graphite and nickel used for those batteries. rules were approved in 2019, but there's been some confusion about the requirements to get those subsidies and the storm caused some major problems for some self driving cars in san francisco to driverless cruze vehicles drove through caution tape at leavenworth and clay street

head winds that are, that are going on here, at the head of the securities and exchange commission in the united states was overseas u. s. markets attempting to calm investors, saying that there would be repercussions for any banks that are not being run properly. but that doesn't seem to be calming fears as investors look for more stable places to put their money. a lot of them turning to government bonds, which are seen as a safer back in touch system. thank you for that. kristen for the latest life for us in wolf street. thank you. mark oswald is chief economist at 80, an investor services international, and he says the stock market turmoil is being driven by relaxed banking regulations . i think it's getting everybody to actually have a much closer look at some of the off balance sheet risk that some of the banks have. but some, all of the accounting practices. they have all switching things from available to sale for sale to whole to maturity. but then finding that they have a deposit run and it's the structural issues of a lot of this actually relates to some of the relaxation of banking. thank the regulations bac

the of the securities and exchange commission did try to re enroll reassure investors by warning that any misconduct that threatens global markets would be investigated and prosecuted. the u. s. has charged one of the chinese communist parties most wanted exiles with orchestrating a $1000000000.00 fraud. real estate, i couldn't go and gray is the prominent critical, the chinese government, and has ties to former donald trump advisor. steve bannon, the u. s. accuses him of defrauding thousands of his online followers. go had been one of the china's richest people before climbing political asylum in the u. s. in 2017. these 14 people have been killed after flash floods, hit southeast inter kia, heavy rains, have inundated the cities of summer for an abbey, a man, and is expected to continue the next 2 days. the flooding comes as the region struggles to recover from last month's devastating earthquakes. or so, said our reports from his stumble. these men had a fortune dest. keep police rescue workers, and civilians have been helping to save doors, stranded by floods. in southern turkey, several people have died. in many areas, the emergency services were overwhelmed. you see th