ftx also has derivatives, which is a regulated national derivative platform.hat we really need is clarity on the spot crypto and changes and how those regulations will interplay with derivative regulations. bitcoin futures right now regulated under the cftc, but what about bitcoin itself? is that a commodity, security? this is the question. being able to have a unified regulatory framework that allows for crypto derivatives to operate under the same platform is going to be critical. matt: why do you think we have not gotten that yet? gansler clearly understands the crypto world quite well. the fcc located derivatives for the futures products, but not for the underlying security, i will say. brett: the issue is that there is no clear market oversight regulatory framework for spot crypto exchanges. you cannot just go in and register as a national securities exchange for a spot crypto exchange because there are so many differences between filing form one for a stock exchange and what is actually required to operating crypto exchange. crypto exchanges are also cus

>> ftx is a global cryptocurrency exchange. we are the second or third largest exchange globally depending on what metrics you use processing about $a 15 billion per day of trading volume on the pratt form. about a year and a half ago -- platform. about a year and a half ago we start of up our united states operation. a few broader points. first is i think that the industry has the potential to improve a lot of people's lives. there are a lot of ways this could happen. i think that the payment side of this gets a lot of attention, and rightfully so. every time that a consumer goes to a market to purchase goods, they pay multiple percent in fees to intermediaries, and that's if they're lucky. when you look globally, trying to send money back to your loved ones at home is extremely difficult. it can cost tens of percents in fees, it can take weeks to arrive, it can get embezzled by various third party scams in the middle, and in general, the global financial system is not one where sending assets to those important to you is easy

the founder and ceo of ftx really great to have you on.e you back. >> of course anytime. >> "mad money's" back after the break. >> coming up, a storm is coming, so give us a call. cramer's got the answers to all your burning questions the lightning round is next. huh. is that true? geico's been saving folks money for 85 years? yeah, that's right. wait — so if geico's 85, that makes you — are you asking if i'm 85 years old? i mean sea turtles live to 150, so...nn — i — i was not. do i look 85? what! no! you, you look young, fff...you...you, you look young for...however old you are. geico. saving people money for 85 years. if you're 55 and up, t- mobile has plans built just for you. for...however old you are. whether you need a single line or lines for family members, you'll get great value on america's most reliable 5g network. like 2 lines of unlimited for just $27.50 a line. only at t-mobile. and cramerica. it's time for the lightning round. play the sound and then the lightning round is over are you ready? br fred in new york fred >> hi,

holding another hearing on the hilt with some of the biggest names in crypto, including the ceo of the ftxatives exchange, and brian brooks, who now runs a crypto miners. they focused on the challenges of innovation. for more, let's get to mike mcglone who was watching the hearing. one where the big takeaways and what do you think this could mean for the future of crypto regulation? mike: what i see it is that they are going down the rabbit hole. they are learning from some of the leaders in this space. one of the key things that struck me was when they talk about crypto coins which are really digital crypto dollars. people thought bitcoin was usurping the dollar. crypto dollars are becoming dominant on the planet. the dollar is becoming dominant too. that was one of the things they importantly addressed. what i sensed overall is that they are going down the rabbit hole and learning about this, and learning about how the technology is helping the unbanked in the world. emily: they also talked about how many crypto startups are moving overseas because of the uncertainty about regulation in

a lot of people do account based system, companies like coinbase or ftx were on the panel talking aboutes where you buy digital assets. self-custody was one of the things. the panel said we can do a lot of surveillance apcallism. which can spy on the customers really well and report to the government. that soothed a lot of my colleagues con shunness. you shouldn't have to be a good spy to operate a business in america. individuals ought to own their own private property. fundamentally that will revolutionize not just the payment system but nearly infinite potential use cases. go back to the early days of the internet. we were just scratching the surface of the internet when steve case was around. as roger williams pointed out the babe ruth of the era are transforming it but it will set a new bar for innovation in the space. charles: let me switch gears real quick. i have got less than a minute to go because i got to squeeze it in. the house voted 42-1 that would ban 428-1 that would ban imports from province. your thoughts on opposition from nike and coca-cola? >> that is the right thin

the full story at www.xfinity.com/sing2 a sneak peek at the cramer cam jim is talking with the ceo of ftxinterview at the top of the hour on "mad money. and you can have cramer delivered to your in-box sign up now with the information on your screen. >>> check out the kre etf getting hit hard an options trader is making a multi-million dollar bet that the worst could be over. >> this thing saw ten times the average daily call volume today and puts by over 10 to 1 a lot of that was a result of a purchase of the march 7476 call spread we saw 46,000 of those trade for approximately 45 cents buyers of that call are betting that the regional banks could test the highs we saw just over a month ago. >> all right thanks, mike for more "options action" tune in next friday, 5:30 p.m. >>> coming up, a schamere shortage for cream cheese. hazelnut spread being added to he hard to find list. weave the important details next, plus your final trades i'm searching for info on options trading, and look, it feels like i'm just wasting time. that's why td ameritrade designed a first-of-its-kind, personalized

built ftx is not one of them and asking for updates in washington third, they are appealing to congressu.s. and the interest risk of not keeping up with innovation and tech talent leaving. it is a -- there are a surprising number of tech leaders stlat moved to portugal and have a more positive posture towards growth and innovation. and finally, they try to make the point that cryptocurrencies gewell beyond bitcoin. it's talking about the next iteration of the internet. the hearing is still going on. >> sounds like the might be rich for some headlines we're going to monitor that and bring you updates as they do happen and a roadmap for the next hour. with the markets off of the initial highs with the s&p trying to goat to a closing high >> and a first interview with sir richard bransen taking another company public via one of his spacs >> and we're going to talk at the ceo of planet labs, fresh off ringing the opening bell here we have got such a big sw hoof "squack on the street. it is straight ahead nurse mariyam sabo knows a moment this pure... ...demands a lotion this pure. new gold

speaking of florida, you know, where the miami heat plays that stadium is now called the ftx arena whiches. staples center in los angeles is now called crypto.com. i mean, the evidence is there. finish all the signs are present. you don't even need to be paying attention to see what's happening. clearly, what we're seeing in florida, starting with mayor suarez, the mayor in miami, basically saying miami is going to be part of the future, we're going to be a 21st century, more recently mayor-elect eric adams announcing he's going to be taking his paychecks in bitcoin. el salvador as a nation, dubai, there's no question we are seeing government adoption. and the really smart politicians are recognizing that voters in the future care about the future. and if you want to be, have a role in the future, you need to be part of the future. neil: you know, obviously, a lot of governments, ore own included, want to crack down on this. i think the sec chief has referred to it as the wild west of investments, so he's going to do something. does that worry you? >> it doesn't, and i actually love the