the crypto crunch is coming.ith opinions divided, just how important is the us presidential election for the future of cryptocurrency? the democrats have spent years cracking down on rogue crypto firms. so will that continue with kamala harris, or can donald trump fulfil his promise to make america the crypto capital of the planet? i'm going to be discussing all of this with these two. the chief legal officer of one of the world's biggest crypto exchanges explains why it's crucial the world's biggest economy makes the crypto rules clearer. and we'll hear from the man overseeing them. the head of the us regulator, the securities and exchange commission, explains why he's brought so many lawsuits against crypto firms. plus, the viability of vaping. the boss of the e—cigarette firm juul tells us why his business has a long—term future, even though he doesn't want any young people taking up the habit. wherever you'rejoining me from around the world, hello, and welcome to the show. the us election is looming large, an

let's get to to crypto prices.n the wake of last night's debate. just a second ago bitcoin went into positive territory but, again, right now it is down for the moment in the wake of last night's debate. the 2-day picture of bitcoin shows that the crypto of record was with up most of tuesday, but then last night when it became apparent that not just bitcoin, but digital money -- ether, litecoin, doge, was not going to be a debate topic, the december appointment drag kicked in. -- disappointment drag kicked in. while president trump has stated his intention to make america, quote, the crypto capital of the planet, back in july he said that, vice president kamala harris has yet to take a firm stance on digital currency. this as the crypto faithful are fast becoming a potentially crucial voting bloc. joining us now in a fox business ebbs choosive is one of the members, i'm sure, galaxy digital the founder and ceo mike novogratz. mike, how disappoint if -- did you even think that a bitcoin or crypto was going to come u

the crypto capital of the planet. >> we got more detail on world liberty financial. it's all about democratizing access to capital, to enable those who p can't get a loan from a bank to participate in wealth creation. the crypto lending platform will rely on decentralized finance. that means users can transact directly with each other without the middleman of a bank and everything will occur on the block chain. that's essentially a digital ledger. that would be to promote transparency. while they won't run the platform, the trump family is playing a major role. the former president his three sons joined the event and will likely hold positions in the company, but control relies with the crypto experts on the project and users. they will sell tokens to acreditted investors. president trump shared his opinthoughts on why his opinion changed. >> they've been hostile toward crypto. nobody understands why. my attitude h is different. if we don't do china is going to do it. china is doing it anyway. if with we don't do it w

. >> in the crypto space, donald trump has officially rolled out world liberty financial, a crypto venturell sell tokens to wealthy investors. all this just one day after an apparent assassination attempt on his life. >> yes, having a near-death experience has made trump focus on what truly matters in life: selling crypto. and this is great news! donald trump, the world's most trustworthy businessman is now in crypto, the world's most trustworthy business. and what could make this deal better than trump? how about more trump are less! >> also involved in a crypto venture or donald trump's sons, donald trump jr., eric trump and even 18-year-old barron trump, whose official title is "de-fi visionary." >> ronny: holy shit, they've got four trumps now! forget nepo babies, that's a whole nepo nursery! i'm 100% in this, shut up and take my money. i just have a few questions, like how does this work and what is it? >> so there's no trump back to business called world liberty financial, yet to release key details about its finances or exact purpose. its website features photos of trump and touts a

broker, we are creating a crypto broker, here we have a crypto exchange, i say, oops, what i say, belarusready the capital of the world, he says, well, yes, yes, we are comfortable here , many things are still needed here, but in general - there are already opportunities for this work, white, open, very comfortable. you see, i ask a person, here is one comrade, i met him yesterday, he drove up to me, he lived in another country, returned, he left here, returned to belarus said: "i have fun here, i am creating"? a brokerage company from one large holding, and i am very interested in working here and really working in crypto area, infrastructure is being created that makes it possible to earn, work and be a white, fluffy, respected person, you are also an investment adviser, yes, there is such a song, i globalize the question, belarus came to you, what kind of investment country advice can you give or none for free? no, i will gladly give any advice, god bless them with money, you know, money is important of course, but here i want to come here and see that people are happy, they are gettin

it's not like if you are for crypto, trump is your boy, if you are anti-crypto stick with harris.r thing, crypto is a speculative play. it is not a replacement for fiat currency. the evangelical kind of interest that surrounds crypto initially was this idea that eventually it can replace the dollar in the wallet. but there are no central banks in crypto land. there is no guarantor of last resort if everything goes south. it's just this small network of people treating these things with one another and lofting it up. but trump, who could be president if he's reelected, is saying that the banking system and institutional banks and the architecture that's been built to support currencies and to support reliable transactions isn't to be believed, and that you should go along with him and invest in crypto, and that's your way out from underneath the oppressive thumb of institutional bankers. and it's unsophisticated, it's untrue and it's untested. >> of course, not long ago, just a few years ago he said crypto is not money, it's based on thin air. before you leave, about his stock, djt

now he is the trump crypto a row. on the spaces tonight, he was talking about hanging out with don jr. and eric. he's the prime mover behind this world liberty project, which is supposed to be up platform you can borrow and lend crypto. >> supposedly one of the people baron learned crypto from his martin shkreli who just got out of prison for securities fraud. tim, this is funny but it is not. cryptocurrency is exactly where, it's a dark place. there are huge positives and huge unknown negatives. >> like everything around trump, it's tragic comic. it's funny because it is observed and it's funny because it seems to be a transparent scam, but it's tragic because trump is using the public media and the platform he is on to perpetrate -- and he's running for president. if he wins the election will then hold great regulatory sway over the crypto market. he and his children are putting a crypto product out there in advance of election day that they can profit off massively if he becomes president. he doesn't bat an eyelash

the crypto capital of the world.ke -- that all sounds great, but then why are you starting this pretty silly sounding new for-profit venture just before the election that almost discredits -- raises questions about his motivations for deregulating the industry. caroline: what has, ultimately, world liberty financial, spoke to people, said to you? have you tried to get in touch and what have they said ultimately about the underlying necessity of the project? zeke: i did contact them and i received an email back from a man who said he was not a spokesperson, but that he spoke for world liberty and that he could see where i was -- he could see where he was going -- he could see where i was going with all of these questions and it was painting and inaccurate portrait of the company and that time would tell it's a cool company doing cool stuff. donald trump said that he would unveil more details on twitter spaces. we will see if what he says is consistent with the white paper. i will be listening. caroline: whether or not

broker... a crypto broker, here we have a crypto exchange, i say: oops, and what, i say, is belarusital of the world? he says, well, yes, yes, here we are like...

crypto enthusiasts would argue we need someone more pro-crypto. president kamala harris has said she's open to learning more. the industry has to be regulated. it shouldn't be open or close, but you have a massive conflict of interest if the president of the united states can stand to make a fortune if the business has no regulation. people must pay attention to this. >> thank you for explaining to me, to all of us, and we will be watching you at 11:00 p.m. appreciate you joining us. >>> i have one more thing to tell you about before we hand things off to ryan wesley routh. -- -- have you ever considered getting a walk-in tub? well, look no further! safe step's best offer, just got better! now, when you purchase your brand new safe step walk-in tub, you'll receive a free shower package. yes, a free shower package! and if you call today, you'll also receive 15% off your entire order. now you can enjoy the best of both worlds! the therapeutic benefits of a warm, soothing bath that can help increase mobility, relieve pain, boost energy, and even impr

as a top priority, he was on one of the crypto for harris calls, not crypto.word crypto in a speech, does she know what crypto is? i don't know. i am assuming she does but it is noticeably absent despite all the talk by anthony and mark and ro khanna and i think my guess, the train has left the station on the cooker community based on what i'm seeing on social media, there is chance. liz: although. >> she might get progressives investing crypto. liz: with bitcoin, it is rallying 6% right now probably because the belief if indeed she comes around you have two candidates who are vaguely on the same page perhaps but you're right, no evidence just yet. >> let me throw this out there to you on bitcoin valley, i think it's on the belief that trump is going to be president. here is why the betting markets have been pulling ahead significantly, nate silver's tracking, his odds have trump up pretty significantly and i think that is probably what is probably encryptor right now because he's going to be a probe crypto candidate, obviously my scientific methodology has a

broker, a crypto broker, here we have a crypto exchange, i say: oops, and what am i saying belarus is, yes, yes, we are comfortable here, here - many more things are needed, but in general, mm, there are already opportunities for this work. white, open very comfortable, you know, i ask a person, here is one guy, i met him yesterday, he drove up to me, he lived in another country, returned, he left here, returned to belarus said, i have a blast here, i am creating a brokerage company from one large holding, and i am very interested in working here and really working in the field of crypto, an infrastructure is being created that gives the opportunity to earn money, work and be a white, fluffy, respected person, you are also an investment advisor, yes, there is such a song, i i am globalizing the question, belarus has come to you, what kind of investment advice can you give, or none for free, no, i will gladly give any advice, god bless them with money, you know, money is important of course, but here i want to come here and see that people are happy, they are getting richer. you see, t

broker, a crypto broker, here we have a crypto exchange, i say oops, and what am i saying belarus iseady the capital of the world, he says, well, yes, yes, we are comfortable here, many more things are needed here, but in general there are already opportunities for this work, white, open very comfortable, you know, i ask a person, here is one comrade i met him yesterday drove up to me, he lived in another country, returned, he left here, returned to belarus said: "i have a blast here, i am creating a brokerage company from one large holding, and it is very interesting for me to work here and really work." in the region of fortresses , infrastructure is being created that makes it possible to earn money, work and be a white, fluffy, respected person, you are also an investment adviser, yes, there is such a thing pisnya. no, i'll gladly give any advice, god bless them with money, you know, money is important of course, but here i want to come here and see that people are happy, they are getting richer, you know, the word poverty is leaving them, for me this is the biggest. now about ad

vice president harris has had less an opportunity to do so but she too has reached out to the cryptoo better understand the concerns of the industry and ways we might from the much more hostile, more enforcement focused approach of the current administration and i cannot underscore enough how important this is notjust for the us but for the world because not only is the us an important market for crypto, but so much of the important technology has been developed here and i think it is critically important we not lose sight of the fact the rest of the world is not waiting for the us to get its act together. all over the world we are seeing similar efforts to adopt standards that i think put a lot of competitive pressure on the us not to be left behind. the crypto industry has collectively donated more than $190 million towards campaigns for this year's us elections, congressional and presidential. coinbase is the biggest single donor, with your boss saying money moves the needle and it comes to regulation. what exactly are you hoping to achieve with these donations? elections in the u

just like the crypto. i didn't pick up on that. i lied.ward, thanks for pointing it out. stu, as a young man, usual a socialist and particular experience that changed your view? yes, i was traveling around the world and in india for six month and got on a plane plane and flew to hong kong and absolute model of capitalist deficiency and fit right in. i was a capitalist for that moment on and about 1974 or something like that . >> i'm half india and my mom grew up in india and hong kong and her immigrating had an impact and she was proud to live here and be in a capitalist country and i made minimum wage at $7.25 before taxes and doesn't get very far. if you work hard, you can make more and do it and i didn't want taxes being taken out. that first job really just underscored why you need to have opportunities. stuart: really good explanation of the american dream. lauren: similar to yours. i was 19 and went to china and i didn't study at university. i visited a university there and the students were trying to tell me they were not a communis

broker, we have a crypto broker here, i say, wow, what am i saying, belarus is already the capital of world? he says, well, yes, yes, we are comfortable here, many more things are needed here, but in general, there are already opportunities for this work, white, open, very comfortable, you know, i ask the person, here is one guy i met with him yesterday he came to me. what kind of investment country advice can you give or for free none yes no i will gladly give any advice god bless them with money you know. money is important of course, but here i want to come here and see that people are happy, they are getting richer, you know, the word poverty is leaving them, for me this is the biggest thrill, now about advice, well advice, you know, it is an easy thing to give, it is more difficult to implement them, but i would say so, guys, today is a unique moment, you have a clean, beautiful country, you have a huge... number of possible reserves, anything, this is your comptative, secondly, these are your friendly, quality people, please, again an example, i'm recording some videos, you have

some clearly donald trump is in favor of crypto. this is the vix so we have it signaling overall the idea of risk off rising and that's what crypto would signal. down about 3% on the day. if you look at crypto as another way of looking as a tell on risk on risk off, it being down confirms the vix and stocks down confirmed the vix higher and stocks down that investors are uncertain and overall the debate right now signals investors are little more favorable towards vp harris and that uncertainty into november is rising. caroline: we thank you. there's also the macro picture at play with inflation print and risk off tone. let's begin with sarah malek. great to have you in the studio. when one factors in political concerns or at least uncertainty and then you have the uncertainty of what inflation is doing and what the fed will do how do you measure those risks? sarah: first is seasonality, second is the election and then the economy. second half of september and on average tends to be the worst periods for the market for the year so w

crypto enthusiasts would argue we need someone who is more pro- crypto.s said she is open to learning more about it. we know the industry has to be regulated. i'm not saying you should be open or closed but you have a massive conflict of interest if the president of the united states can stand to make a fortune if the business has no regulation. people must pay attention to this. we make very important. thank you to explaining to me and all of us and everyone watching. we will all watch you at 11:00 p.m. we really appreciate you joining us. >>> i have one more thing to tell you about before we hand things off to rachel for a big interview with hillary clinton. we are back after a quick break. my little miracle is beckett. ♪ ("a thousand years" by christina perri) ♪ ♪ i have died every day waiting for you ♪ we wouldn't be where we are without saint jude. and in turn, we wouldn't be where we are without those people that have donated. (♪♪) [cough] honey... honey. nyquil severe honey. powerful cold and flu relief with a dreamy honey taste nyquil honey, when

and crypto for a while embraced him because he was doing the yeoman's work of bringing crypto into the mainstream, presenting himself as the safe and reliable face of crypto. who is working with the regulators? he was also in washington, in and out of washington. basically every other week in backroom deals with politicians on both sides of the aisle, trying to convince them why crypto was good for america. the whole time he was taking his customers money and using it to make incredibly risky investments. and they found out. and when they asked for the money back, it wasn't. they're more similar to the banks than i think we realized. you were mentioning nfts. i mentioned nfts, that's non-fungible token. can we get a third grade explanation to what that is? an nft is sort of like a digital asset, that lies on it's something called the blockchain, if you think about any sort of if you have a spotify song, you're not really owning that. but the idea is that when you own an nft, that could be a song, you actually own it. there's like a authenticity or a certificate that you do own it on th

are people talking trump and crypto? annabelle: absolutely., president trump is seen as someone who has been a lot more friendly to this space. when you think about what's happened over the past few years, and really, i mean, the understanding or the feeling i guess by many in the crypto community is that president biden's administration has not been overly supportive. we have not really seen any regulatory clarity coming through in the u.s. and that's what would really drive institutional adoption. at the same time, you got kamala harris and some of the expectations about what should. anthony scaramucci is here, on opponent of harris becoming the next president. he is saying she would have some pragmatic approach. most in the crypto industry would say president trump one back into the white house once again would be a more positive move for the sector. in the past, of course, he has said that bitcoin was a scam against the dollar, but he has surly changed his tune. we have seen him at crypto events, is licensed his image to nft's. this week,

the crypto industry has - crypto industry has collectively donated more than a towards campaigns forngressional and presidential. when bass is the biggest single donor, with your boss saying money moves the needle and it comes to regulation. what exactly are you hoping to achieve with these donations? elections in the us especially for our president and across the federal government are quite expensive, an unfortunate reality of our politics. coyne—based for its part has recognised for it to be part of the broader political conversation and to engage with that process needs to be involved. the campaigns for mr trump and vice president harris need to understand their voters want to see crypto in their financial future and that is the reason we have engaged in ways we think are very consistent with something that coyne base has called for all along, which is sensible rules and regulations and this is not and regulations and this is not a company, not an industry shying away from regulation. mcdonald's will be extending its $5 value meal available in most of its us markets, until decemb

if you know anything about the crypto industry, marley from the industry standpoint, crypto people haterris-biden administration -- david: because of the sec, right? >> the sec cracked down on crypto. they seem completely hell bent the, like, make it illegal. because of certain losses they've had in court, they've had to pull back their regulatory onslaught -- david: but gary gensler, the head of the sec, he is to crypto as jack smith is to donald trump; that is, he's got one thing, it seems like he's on to accessed with the idea of or -- >> well, i wouldn't go that far. he's obsessed with a lot of stupid things -- [laughter] so let's just say, read my newsletter today the in "the new york post," and you'll know why. climate disclosures, you can go down the list on gary gensler. but he does have a bad rep in the crypto industry -- david: should have read your book, "go woke, go broke." >> i called him one of the most anti-capitalist and annoying sec chairmen -- [laughter] we've ever had. and on crypto, which is an alternative currency because you you know why? as you print more money, y

broker, a crypto broker, here we have a crypto exchange, i say: oops, what, i say, is belarus already the capital of the world? he says, well, yes, yes, we are comfortable here, many things are still needed here, but in general there are already opportunities for this work, white, open, very comfortable, you see, i ask the person, well... one comrade i met with him yesterday drove up to me, he lived in another country, he returned, he left here, returned to belarus and said: "i'm having a blast here, i'm creating a brokerage company from one large holding, and i'm very interested in working here and really working in the field of fortification, an infrastructure is being created that gives the opportunity to earn money, work and be a white, fluffy, respected person, you are also an investment advisor, yes, there is such a song, i globalize"? question: belarus came to you, what kind of investment country advice can you give or none for free? no, i'll be happy to give any advice, god bless them with money, you know, money is important of course, but here i want to come here and see that

, crypto is essentially some kind of illegitimate daughter, maybe the birth of blockchain, blockchains the technology that is part of today's... life, therefore crypto has become a part of our life, business has arisen, mining has arisen, an understanding has arisen that crypto is a unique sphere, a unique product, by the way, a product is either money, you understand, yes, also a discussion, well, you and i tried to discuss this, absolutely right, but in my opinion, this is a product with unique properties, okay, they have good consumer properties, i can throw money anywhere without any compliance. you will say: stop, stop, but what about the fight against terrorist financing and money laundering? is there such a problem, aimau legislation? so look, crypto is a truly unique product that allows you to solve a variety of, often even incredible problems, but is it necessary to regulate? yes, it is necessary, yes, it is necessary, another thing is that regulation should be reasonable, stimulating, rather, that is, please, made money on crypto, present it, show it, like in america, by the

we could see the crypto market rally in a way. >> lucy, if you did, crypto executives, courting on eithere of the aisle in terms of politics here whether it be former president trump or vice president kamala harris for the next president of the u.s., how much impact could have that on not just pricing, but future regulation as well and what are we seeing in terms of differential here? is there a particular split vote that we are seeing with regards to that? >> i think it will have a meaningful impact because whoever comes in to power really is going to set the scene for whether we will have a sensible crypto framework. we need that. we already have seen it rolled out in europe and that will have regulations across 27 eu member states. the u. is lagging behind on this regulatory clarity. so, it is important whoever is elected in a couple of months time is supportive of the industry because it needs supportive regulation. we've seen to date in the biden administration a crackdown on crypto. it's been regulation through enforcement and working against the industry. we need to see that revers

>> yeah, the core issue is are there clear rules for the road for crypto in the u.s..ays yes, there are. coin base and others say no. the rules are being made as they go along. i'll go a little further and sec has largely been take ago regulation enforcement strategy and sue crypto currency companies and set up the rules as those decisions are made. tahin denying saying it works. we don't need to change and we're set up. they're asking the court to overturn the denial by the sec and latest dispute in the tug of war between the crypto sector and u.s. market regulator. they're maintaining that current u.s. law fits them. stuart: doesn't make sense to mike murphy because he doesn't do crypto. >> you need clear regulation and it's not just if you step out of line, we'll find you. there should be something to know what out of line actually is. stuart: know the rules and get on with it. thanks, mike. stuart: former girlfriend of sam bankman-fried will face sentencing from a judge this afternoon. kelly o'grady outside of the courthouse in lower manhattan. possible she could w

blockchain is the technology that is part of our life today, so crypto has become part of our life. arose, mining arose. there was an understanding that crypto is a unique sphere, a unique product, by the way, a product is either money, you understand, yes also a discussion, well, you and i tried to discuss this, yes, that's absolutely right, but in my opinion, this is a product with unique properties, okay, they have good consumer properties, i can throw money anywhere without any compliance, you will say: stop, stop, but what about the fight against terrorist financing and money laundering? is there such a problem? aimal legislation, so look, crypto is a truly unique product that allows you to solve a variety of, often even incredible problems, but is it necessary to regulate, yes it is necessary, yes it is necessary, another thing is that regulation should be of a reasonable nature, stimulating rather, that is, please, earned on crypto, present, show, as in america, by the way, they have it simple in this regard, that is. earned in crypto, report, pay tax, go, please, some time i

that key we now call crypto. that would be bitcoin you have the infrastructure and a key to the infrastructure of the key has some value a number of people trading that is a financial instrument because the key does have value to a larger network. what is crypto and what is a digital asset has no real definition stop we have over 10,000 coins being offered in novel concepts. much of which is fraud. no federal definition of this. no legal frame for establishing property right or ownership right. no means of exchange. so what are trying to establish with legislation working with congressman french hell who helped me and we designed this bill together with glenn thompson and dusty johnson on the agate committee we established what is the securities and exchange route commission proper role on market structure, what is the futures trading commission. what is digital commodity what is digital security and we have this dividing line. this is what happened in 1933 with the establishment of securities act and securities

broker, we are creating a crypto broker, here we have a crypto exchange, i say, oops, what, i say, belarusalready the capital of the world, he says, well, yes, yes, we are here... comfortable, many more things are still needed here, but in general, there are already opportunities for this work, white, open, very comfortable, you know, i ask a person, here is one comrade i met him yesterday he drove up to me, he lived in another country, returned, he left here, returned to belarus said, i have a blast here, i am creating a brokerage company from one large holding, and it is very interesting for me to work here and really. well, there are a lot of opportunities today, so our president is doing the right thing when he opens up visa-free entry for 35 countries of the european union, yes, only visa-free entry, not to mention eight dozen countries around the world, i mean, you opened up visa-free entry for them, of course, listen, well done, no, this is very right, people are coming to us and hundreds of thousands are already coming, no, at the moment when some are fencing themselves off, and ot

trump: everybody that is a crypto guy, crypto maniac disco everybody who is a crypto guy, get out andnnot lose, we cannot lose! you want to get everybody who agrees with what you guys are doing, and a lot of people, it is a lot of people. they have been treating you very badly, and we will treat you very fairly because you have to get out and vote. we will make crypto great again! >> it was fairly easy to use? >> mr. trump: quickly and beautifully kind very easy. [laughter] >> mr. trump: it's the beginning to a new era. if you think about it, what they have dennis amazing. and you look at the values, and what kind of numbers you're talking about, bakers end of the biggest corporations put together, many of them. it is quite something. >> and on the menu, it's national cheeseburger day evidently. [laughter] >> mr. trump: david is doing a great job everybody, right? does everybody know david? he's doing a good job! would you like one? would you like a hamburger? >> they are good! >> perfect act amazing. >> we have some gifts for you, okay? >> mr. trump: i want beta coin. [laughter] >> a

crypto playing an increasingly big role in the upcoming election. digital money crowd raising money to support candidates friendly to their industry resulting in a series of pro crypto policy proposals from the likes of one-time candidate rfk jr. let's get insight from someone in the center of the digital money industry. the ceo of tether holdings. thank you for joining us. i know you are based in europe but tether knows no boundaries. i'm curious how you are thinking about the election in november. how big a deal do you think it is for the crip oh industry >> the election will be very important for the crypto industry. we have seen candidates looking at the current state of crypto currency support in the u.s. i must say the cryptocurrency in the u.s. has not been well supported until currently. we have seen actions against very important companies. being european, being italian, i see the u.s. as being the predominant country when it comes to innovation. when i grew up in my youth, i have seen the u.s. being the country bringing forward the technol

with money pouring into his campaign from the single issue crypto guys who oppose regulation of cryptomoreno is very angry at other single issue voters. especially those who care about abortion which he believes should be an important issue only for women of reproductive age and republican men like bernie moreno and donald trump who want to control women's bodice. here is what he said about abortion when he didn't think he was being recorded. >> thank god my wife didn't hear that one. why? how old is bernie moreno's wife? he is 57. does she agree with him on abortion? does she agree with him that she maybe has no right to an opinion about it? and how perverse a man do you have to be to tell a group of people you don't know something that you don't want your wife to know? those are all questions for bernie moreno when he care to join us on this program. he has an open invitation. joining us now is democrat senator brown. he is a member of the finance committee. and that has made him a target. senator brown, you have had a lot of different opponents running for office in ohio. you have m

how is that going over with the crypto community?> reporter: world liberty financial is not winning trump with the crypto community which is raising and spending a record amount of cash. you have crypto corporations out raising banks and bill g oil. with less than 50 days to go before the election, crypto is up to $190 million in donations. the winklevoss twins have given $10 million and brian armstrong at $1.3 million. they have been spending big this year. c krakenco-founder has given $1 million to the trump campaign. what is especially interesting here, frank, sam bankman-fried accounted for the past cycles of crypto. the cash raised represents a lot of crypto players showing up in force. >> mackenzie sigalos, thank you. >>> for a quick market flash of rxo. the company completing the $1 billion acquisition of coyote from ups. rxo is the third largest in the u.s. i spoke with drew wilkerson yesterday. >> we're hearing different things from different customers. so have a very robust peak season. others tell us they expect a moderate

these burrows are saying no-go, crypto? working out interest, not crypto and trust.an see it was the first time he ever touched a drug. his hands are not even dirty! and you don't change a clean air filter with another clean air filter! crazy! being a man means you get dirty, don't do another one and those you have oil on your hands and you're doing an oil change, and while you do it your wife is yelling at you because he left the seat. that is what mandate! >> judge jeanine: all right jessica, why does kamala harris always copy donald trump? it started with attacks on tips, then the camel has, now the child tax credit -- >> jessica: the child tax credit? >> judge jeanine: yeah! president trump started it. and then the hats and the tax on tips and now crypto. >> jessica: a that's not true, child poverty was cut in half one of the biden-harris administration implemented the tax and republicans got rid of it. if tim walz is as amazing as using as he has, what is the a plus seven favourability and trump has a negative 13, was going on? this loser with a clean air filter

so, you know, he's no fan of crypto, trump has opened up his arms to crypto.d point out that he's got some smart people behind it, you know? i know eric trump, good businessman. he's got steve witkoff behind it, a big fundraiser for trump. he's also one of the top real estate people in manhattan. i've known steve forever. full disclose -- disclosure, friend of mineful there's people behind in that know business, they just didn't show that much. what do they say, all hat, no cattle? back to you. liz: yeah. all sizzle, no steak? i don't know. we shall see. give it time. this thing was just announced. [laughter] charlie -- >> whoa, whoa, whoa, whoa, whoa, whoa, you wouldn't be saying that if it's, you know -- we judge people based on, you knowing what they produce. you're going to tout something, this touted, give us some bacon here. liz: okay. >> i want bacon, not just some eggs. liz you mentioned steve being a big fundraiser? we got possibly donald trump's biggest fundraiser. up next we have the wall street legend who made billions after predicting and then bet

liz: talk about specificity on crypto. the crypto vote is fast becoming an important one.dc trying to get the attention of democrats to basically say, get on board with this. it's a thing. we now have all kinds of et fs for people getting in on crypto and etfs and do you have any insight as to whether she's supportive of taking off the leash on crypto and led letting it run? or a more restrictive focus. >> i was encouraged and she see as place for digital assets in the united states. look, you can't be against bitcoin or crypto and saying i'm against the iphone or laptop. it's a technology. yes, we need smart regulation but it's a modern store value and a modern payment system. it's a modern version of gold for a lot of young people. i want those jobs and i want that industry. this is a broad spectrum of financial innovation. what about salt. talking about taxes under president trump and the gop. what turned out to be mostly blue states like new york and california. lot of people perceive that as republicans taking aim at blue states almost punishing them. would she bring

that he had all the solutions to the crypto markets. so this is a serious problem to have in the industry that it could have such a large systemic effect on our economy is not well regulated. and the politicians are out there investing and prep though them so wells, and we see this with donald trump and getting his sons going on. prep though. uh, but it also, as i say, we have a lot of members of the house and senate doing the same thing. and this is not gonna end well for our country unless we figure out is not gonna end up with a global economy unless we can figure out how to re get like the credit though in the straight. uh, so can i have up for duct roll? let me economy and bridge paint so you know it stalls from what to become president again, is this a cause for concern? is it too close to home on whether he could potentially potentially use his power to promote the personal projects, especially it being a financial one, whether it's, for example, using federal results is, is it too close to home or is absolutely so close to on th

crypto and trucks working out. not crypto. they are out of touch.d tell it was the first time touching the truck. you don't change a clean air filter with another clean our dolomite air filter. being a man means you get dirty. don't know another one -- actually doing an oil change. your wife is yelling at you because you forgot to take trash out and left the seat up. >> jessica, why does kamala always copy donald trump? it started with the tax on tips and the camo hats. now the child tax credit. the child tax credit. yeah, yeah. president trump started it. she upped it. the hatch and tax on tips and now crypto. >> that is not true. child poverty was cut in half when the biden-harris administration implemented the child tax credit and the republicans get rid of it. it tim walz was -- why does he have a plus save -- kamala is at plus three. what is going on? what is going on with this loser with the clean air filter that people seem to like? the overtures to the crypto community, not only did she raise $27 million on sunday, but donald trump has been

into the crypto hub of the world.e a catalyst if trump were to win in november? what are you hearing from some of the companies that you invest in, some of the players in the space in terms of the anticipation on the front? alyse: from our perspective, this is less about crypto specifically and more about the new administration's sentiment towards innovation. and so, what we want to see as bitcoin investors is an administration that is really thoughtful around regulation and preserving the value that bitcoin technologies can provide to the end-user. and so to that end, what we hope to see is a thoughtful approach to both how bitcoin is regarded as a store of value and also as a means of change. what that means practically is -- means of exchange. what that means practically is that the value propositions be maintained and that regulators regard those and do not try to overstep. and so, for example, bitcoin as a store of value self custody is quite important, is a native part of bitcoin's value proposition and that sho

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he has wasted a large part of the sec's resources to wage war on the crypto industry. this strategy has not been successful as the sec continues to lose again and again in the courts on its crusade against the digital asset innovation in this country. it's time for the sec to return to its mission and protect opportunities for every american who wants to participate in the greatest capital markets in the world. digital asset innovation is an important part of that. what gary gensler doesn't understand his fighting against crypto innovation in america isn't going to stop it. he will only push crypto innovation off of america's soil. this is how disasters like ftx occurred. the united states should want businesses under its regulatory purview, so we have a safer digital asset ecosystem. many are concerned that kamala harris would appoint elizabeth warren or gary gensler to be her treasury secretary, which would only make matters worse. their mission to upend free markets' innovation and global competitiveness would destroy our financial system. we can't let that happen.

should embrace crypto. >> if we do not do it, china will do it. we do not do it you will not be the biggest and we have to be the biggest and the best. ed: we are joined by amanda who used to work at the justice department specializing in money laundering and crypto. all of those who tuned in it was kind of thin on detail and specifics. a focus on defy and it will be an issuance of a token for accredited investors only in the united states. what did you learn and what is the main takeaway? amanda: the sad thing is that everything he said is right. i think what people in the industry is terrified is that he has the emissary saying it because there is no doubt that wlfi it will be a pump and and even trump supporters are begging him not to do this because of the negative impact it could have on the industry. caroline: can you give us real data or hard evidence as somebody who formally worked -- formerly worked as the government on if it will be a pump and dump because many would dispute that. amanda: i really try to be objective but if you are looki

>> it pains me to say this the crypto candidate flopped last night.e best crypto reporter out there listened to it and spoke with some people, i spoke with a few people. baron trump made his x debut last night. he was part of this, a lot of rumors about crypto, at one point, there was talk about martin shkreli. the crypto thing baron was going to be involved in, it was a lending platform, in the banking system, donald trump was on the call. interesting he was on the call, people listening to it as soon as he left the call, listenership dropped off. a big fundraiser, full disclosure, a friend of mine but as much as i love steve and appreciate trump is going all things crypto, crypto people, didn't really understand it, there wasn't a lot of details. they are going to say they will do a defined lending platform the democratize is finance it helps people who don't have access to credit to get credit or don't have good credit. you really want to let people without good credit, giving money to you, never fight or get it again. i give this low market is muc

and it might be the crypto stuff.ding to ellie, my producer who's the queen of crypto reporting, is telling me that her effort to appeal to crypto voters, the mark cuban and anthony scaramucci is dead, done, doa. liz: because she doesn't like it or she doesn't pay attention to it? >> you know, who employees? but they tried to to, like -- who knows? you don't know kamala harris, does she know anything about it, she hasn't articulated much on policy. but their attempt is to to try and get crypto voters for harris it's failed miserably, and it's because she's attached to the biden administration, and it's anti-crypto policy. liz: well, you don't want to leave votes on the table no matter what. charlie, hang -- thank you very much. >>> all right, cow and s&p 500 are at all-time records right now. dow. they could be going even hire. franklin templeton research says when the federal reserve cuts interest rates during an economic expansion and, by the way, you know, jdp is in the year, the s&p rallies an average of 16.66% in

we are the first crypto mining company ever going public in september 2017.e are traded on several exchanges. so the share price is very much tied to bitcoin and we have 2500 bitcoin mind with green and clean energy on our balance sheet, over $150 million on our balance sheet so that gives us a very compelling enterprise value when you just look at us within this sphere of bitcoin mining and moreover we recently reported $10 million of annualized revenue from rai business using our gp use this most recent quarter. so i think investors are starting to understand bitcoin mining a little bit more but they are still wrapping their head around the ai computing business and as this is bloomberg, a simple metric. the profit density of ai compute is anywhere from tend to 20 times more profitable per kilowatt than bitcoin mining. for example, right now -- tom: we are short of time, but that's a good metric. i guess my question is do you eventually move out of crypto mining altogether and before we let you go, if you can give us a full cost on bitcoin, what are you tar

why does trump say that he wants to make the crypto capital of the usa.l work out, it won't work out, this is a separate conversation, but he plays, these are his political, so to speak, games. but today in the world there really is a huge number of people who would like to make a normal, white business out of this, understandable what kind, and it is in demand, therefore, competition will begin very soon. for countries, between countries, regions that will offer more comfortable legislation and conditions of opportunity for the same it specialists, for the same guys who do this, of course, and this industry, it provides jobs, this is not fraud, that's another matter, understand, fraud can be made out of anything, there are law enforcement agencies for this, but here is the problem, law enforcement agencies do not understand these things, for them it all seems peculiar, the guys need to be trained, they are not enemies, they just need to understand that if this helps the economy, if this helps the national economy, helps solve social problems, then we wil

not at all crypto community knows where president trump stands he stands with them deregulate advisedafeguards necessary to crypto can be future in this great country unlike kamala harris wants heavy-handed federal government on crypto like all industries i was with president trump in mar-a-lago can when they launched this a great success president trump will we champion for crypto community in white house. >> there are a lot of complaints about gary gensler heavy-handed regulation he wants in crypto for sure good to see you. thank you karoline leavitt from the trump campaign. we'll be right back. harlem has everything. but i couldn't find pilates anywhere. so i started my own studio. and with the right help, i can make this place i love even better. earn up to 5% cash back on business essentials with the chase ink business cash card from chase for business. the moment i met him i knew he was my soulmate. "soulmates." soulmate! [giggles] why do you need me? [laughs sarcastically] but then we switched to t-mobile 5g home internet. and now his attention is spent elsewhere. but i'm think