we will talk about it with blockchain association's kristin smith.is bloomberg. ♪ (robot whirring) want smarter factories? that's the internet of things business. accelerating r and d? data science business. hey. have a look. managing global supply chains? shrink our carbon footprint business. thank you. (in foreign language) that's where deloitte comes in. with a potent blend of acumen and technology to help advance and connect all that it takes to excel in business ... to the business i'm in. deloitte. >> there were clearly interparty transactions and loans that were not well understood by the various stakeholders. and we will see what the courts have to say about that. there is multiple entities that will likely file suit. the winklevoss brothers have said there is this pending. first tree house one. we will see if the court forces disclosure of all this, and what that means for legal ramifications. ed: that was the vaneck head of digital assets talking about the commingling of assets in firms like ftx. celsius is considering a new token to repay

we will talk about it with blockchain association's kristin smith. bloomberg. ♪ online personal styling? what's that? that's stitch fix. and how can you help me? we do the shopping for you. how do you know what i like? and what fits? you tell us your size, budget and style. wait, is it a subscription? no commitment required here. and i only pay for what i keep? yup. i live in denim, can you send me jeans? we've got you. what about shoes? mhhm. styled for me? for me? always. we'll pick the clothes. you enjoy the great fit. stitch fix. the first time your sales reached 100k was also the first time you hit this note... ( screams in joy) save 20% with the lowest transaction fees and keep more of what you make. with a partner that always puts you first. godaddy. tools and support for every small business first. >> there were clearly interparty transactions and loans that were not well understood by the various stakeholders. and we will see what the courts have to say about that. there is multiple entities that will likely file suit. the winklevoss brother

i want to bring in blockchain association ceo kristin smith. ut your attempt to help congress get this right. and two things you said they should do. step one is to educate themselves. step two is to exercise restraint. and i'm saying, well, both of those are dead on arrival. [laughter] i hate to say it, but every time we hear folks in congress talk about crypto, it's in the most divisive way possible or the most illiterate way possible, and you say these are the folks who have to make the rules. where do you go from here? >> i think that's a great question. and if you look at where congress is at right now, we have a new congress, they're just convening. we have a brand new digital asset subcommittee in the house financial services. i think it's incredibly clear that we're going to see a lot of hearings and a lot of legislation introduced and discussed in this upcoming congress relating to crypto regulation. i think in, you know, prior to the collapse of ftx this fall, there was a very small group of members of congress who had really taken the