sec.ean-pierre: good afternoon, everyone. >> good afternoon. sec. jean-pierre: happy friday. and i got the date right today. [laughter] the day right today. >> it's friday the 13th. sec. jean-pierre: oh! [laughter] well, it's going to be a little crazy in here. okay, as this week comes to a close, i want to take a moment to highlight the incredible progress the president has made for the american people in recent days, from expanding affordable healthcare, to lowering costs and tackling inflation, to bringing manufacturing and jobs back to our shores. president biden started the week at the north american leaders' summit in mexico city, where he spoke for -- to our close cooperation with mexico and canada to address shared challenges that impact the american people -- challenges like combating climate change, covid-19 pandemic, and transnational criminal organizations that are trafficking and smuggling people as well as illicit drugs like fentanyl. the president spoke to our work to take t

sec. pompeo: thank you. thanks for joining us today. i'm not sure how to answer that. i formed before that in some ways. all those things shaped me. my parents taught me to work hard. and stay at it. other people that were around me, other mentors in my life helped shape me, too. each of those institutions were in places where hi this incredible opportunity to learn and grow. i became -- i learned small unit leadership when i was a young lieutenant as tank platoon leader n law school my writing became better than it was before that as well. each of those built. i had this chance to run a couple hundred person machine shop in wichita, kansas, for years which gave me the exposure what it takes for a small business owner, how drive value, build teams in the private sector and create the right incentives and keep customers happy. we made airplane parts but machine shop that served boeing and lockheed. how you keep customers happy in the face of incredible competition as well. each were differe

sec. pompeo: thank you. thanks for joining us today. i'm not sure how to answer that. i formed before that in some ways. all those things shaped me. my parents taught me to work hard. and stay at it. other people that were around me, other mentors in my life helped shape me, too. each of those institutions were in places where hi this incredible opportunity to learn and grow. i became -- i learned small unit leadership when i was a young lieutenant as tank platoon leader n law school my writing became better than it was before that as well. each of those built. i had this chance to run a couple hundred person machine shop in wichita, kansas, for years which gave me the exposure what it takes for a small business owner, how drive value, build teams in the private sector and create the right incentives and keep customers happy. we made airplane parts but machine shop that served boeing and lockheed. how you keep customers happy in the face of incredible competition as well. each were differe

[laughter] sec. del toro: admiral is retiring and i have to avoid telling sea stories for the next hour. he wanted advice and sat down for advice and little did you know you could be giving advice to the secretary of the navy. glad you listened to me. let me first start off by thanking those who work hard all year long to put together this tremendous symposium and what a great celebration this is. have a hand for all the folks. [applause] sec. del toro: i want to stress the importance of these discussions. national security depends on what we say and do during these days. it's really important. i'm honored to be here for the second year as secretary of the navy. there isn't a day that goes by that i'm humbled to have been entrusted with this privilege leading close to a million, both military and civilian. when i say lead, let me be clear about my intent. what it means is that i work for you. my job is to get what you need every day so you can do your job keeping our nation safe. approaching the 40th

sec. cleverly: yeah. well, just going to say a few words. firstly, thank you. thank you, as always, for welcoming me. it's lovely being a brit here in washington. you always feel very much at home. and i've always been made to feel very, very welcome when i've visited the united states. last year i made a conscious decision to break out of the narrow strips down the edges of the u.s. and i went to missouri. and i went to fulton, missouri. some of you may know that as the place where winston churchill made his famous iron curtain speech. and there's a museum dedicated to him there. and i made a speech there, which didn't get quite as much pickup as the speech that winston churchill made. but i'm reminded of his advice to his cabinet as he left office for the final time as prime minister, which was, stay close to the americans. and i've always believed that the world is a safer, healthier, more prosperous place when the u.k. and the u.s. work closely together. and i think we're seeing that p

sec.ranholm: great. hello. i am honored to be here. as karine said, you know, president biden really has been singularly focused on reducing costs for american families, especially energy costs, especially both transportation as well as at home, whether it's increasing the biofuel blends of gasoline to offering additional funds through weatherization for lowering costs for low and moderate-income households. but particularly, he has acted to shore up additional oil supply following the market disruptions that were the result of vladimir putin's invasion of ukraine. coordinating with allies and with partners through the international energy agency, he secured globally a collective release of 240 million barrels of oil from strategic petroleum reserves worldwide. as karine said, the average price of a gallon of gas is now down about $1.60 from last summer's peak, about a 30% decline. and, in fact, prices are lower today, gas prices are, than what they were at the start of russia's invasion.

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sec. granholm: we know our liquefied energy gas exports are helping our allies and it is important to make sure they have the means. we have an abundance of natural gas in the country and our prices are low but during times of challenges, we want to help our allies. we want to make sure our gases clean. we are not invested in carbon -- storage strategy. this is a conversation we are having. with respect to texas, what an opportunity for every state to be able to produce clean energy. in fact, a political story suggested there was an abundance of announcements coming out of that states. great. that is fantastic. we want to able to see clean energy produced in every pocket of the country. blue states, red states, it helps to save people money so it is all about green. green in the sense of, it is helpful to the planet but also jobs and helpful for us to be energy independent which is what the president would like to see. homegrown, clean energy, dependent so we are strong and -- independent

they were both under the complaint for the sec. caroline: let's weave all of this narrative together because all of the reasons that they have been trapped in genesis is because of the ongoing fallout across crypto that in many parts wasn't just art by the collapse of the ftx, it came much prior to that. some of them related to lending products themselves. talk to us about what we've heard from sam bankman-fried about the ftx fallout and how all of this is one big similar collapse having so much contagion effect. sonali: it's really interesting because we heard sam bankman-fried before the indictment came out. he had this media tour. but since he's been on house arrest we've seen him tweet here and there. now we have a sub stack coming out. in which he's detailing his defense. on this idea that he didn't steal funds, he didn't stash them anywhere. that the name of this sub stack was ftx premortem overview. he also links the issue to how he was treated by rivals. he's been complaining about binance and the handling of assets for a w

and again if the sec wins expect that regulatory axe by gary gensler and company at the sec to be hotready said, everything but bitcoin is a security. get your rear ends in here and register. after the ftx implosion, the question why didn't ftx to register beforehand? liz: they weren't based here. >> no, ftt, people were trading it here. liz: they were but based elsewhere. >> or gave a lot of money to joe biden. liz: gave to republicans in shadow money. >> he gave directly to joe biden. changing -- liz: not just coinbase but the dow jones industrials, we just touched the 200 handle. right now we're up 192, charging higher. the nasdaq up three days in a row. it is about to close at the highest level since september 15th. speaking of nasdaq, what about a nasdaq stock meta, which has been brutalized over the past year. nasdaq's instagram, i'm sorry, meta's instagram is removing the shopping button at the bottom of the homepage. this could be good news for users to have one less distraction on the home feed. today's "countdown" closer says the tech company is one to watch in the new year,

good luck to all the viewers going to occupy sec.nk you, charles very much. charles: coming up my takeaway not letting all the fear out there dictate you making the wrong move. we'll be right back. ♪. charles: so i'm sure you notice a bunch of business and main street surveys have been released ahead of the world economic forum. be careful about being spooked when you read these things. listen, we already knew sentiment was low. parents do not believe their children are going to have a better financial future than they have. according to pew research, only singapore and israel have a greater percentage of parents who see their children doing better. once your nations have been focused on big government handout, eroding the notion of pulling yourself up by the boot straps, meanwhile, the solutions being put forth certainly at davos include climate change initiatives, collaboration with government, holding false information sources accountable. i mean, that's freedom of speech. it's a problem, really honestly, all of those answers got

the same as that here in question under the sec review. there will be a lot of questions but from investors as well as regulators on where the money went, what kind of money was lost, how you get it back but at the end of the day, as i said before, these two are being named to the complaint together after days and days, months sparring. how they handle this when they are both listed together as under the complaint of the securities and exchange commission. course an interesting development because bloomberg reported last week that federal prosecutors were looking into barry silva and the digital currency group. now we have this triangle. complaint is joint between them. what is the relationship as it stands now between the twins? >> as it stands, they have both been kind of ed were here. what is worth pointing out is the difference between how genesis frames this issue versus the winklevoss twins. we reported in late november that when genesis was out looking for money, we reportedly reached out to a number of big investors to really stave

the sec has known about this product for a long time.st night from tyler of gemini, we know that gemini had been under investigation for this product for quite some time, more than a year, and yet the sec allowed this to continue for some time they were in talks with gemini and then the crash happened in november, you know, because of ftx. gemini was no longer paying any funds to customers and two more months went by so it seems to me that the bigger issue, the thing that triggered this was the answer that gemini filed in a separate case, in a class action against gemini brought based on -- on behalf of gemini customers for the failure to continue payments under the gemini earned product program. >> i guess the bigger question is here we have a situation where all of these customers are now in trouble, right? they don't have access to their money. the entire point of the sec is to protect the public from instances like this. this was something the company knew was happening because they were under investigation, something the sec knew th

the sec is only one part of the cyber regulatory landscape. that means court meeting with others is vital. in fact, in my first few weeks as chairwoman i made it a priority to reach out to my peers and of the parts of the federal government to advanced ours shared interest in network security. these efforts include speaking with leadership at ntia, cisa and the deputy national security adviser for cyber and emerging technology. i also did something that you may not have noticed, which is i revitalize the cybersecurity forum for independent and executive branch regulators. andec the title is a mouthful. but when i took the reins of the agency, this forum at all but been abandoned. now we have revamped it and i run it and it brings together the leadership of 32 federal agencies to coordinate our efforts. and this group includes the department of homeland security, the department of health and human services, the security and exchange commission, the nuclear regulatory commission, and a whole bunch others. we all have different authorizing author

occupy sec 2023 is there, in d.c. at this moment.n who organized it live from the protest. there are some things that go better...together. like your workplace benefits... and retirement savings. with voya, considering all your financial choices together... can help you be better prepared for unexpected events. voya. well planned. well invested. well protected. new projects means new project managers. you need to hire. i need indeed. indeed you do. when you sponsor a job, you immediately get your shortlist of quality candidates, whose resumes on indeed match your job criteria. visit indeed.com/hire and get started today. this thing, it's making me get an ice bath again. what do you mean? these straps are mind-blowing! they collect hundreds of data points like hrv and rem sleep, so you know all you need for recovery. and you are? i'm an investor...in invesco qqq, a fund that gives me access to... nasdaq 100 innovations like... wearable training optimization tech. uh, how long are you... i'm done. i'm okay. charles: all right, well, th

hang on a sec.ospect is you have run to be prime minister have to run to be prime minister is things you said is the things you said and re—elect were re—elect someone. you were labour and you've labour leader and now you've completely those completely changed those pledges. think like pledges. he had i think like people on the left, people like owen—jones. making owen—jones. we're making this argument. some argument. i think there is some minutes that i say minutes in that i would say counter that keir counter to that much. keir starmer supporters would say, well hang on a sec, these pledges were helpful. they weren't labour weren't going to get labour elected. jump them. it elected. he had to jump them. it was right do. on was the right thing to do. on balance, probably agree with the argument. fair argument. i think it's a fair point hang on a sec, how point to say, hang on a sec, how can you turn around and say one thing before the election day and turn around and and then turn around and do ano

that is astonishing prop -- pressure from the sec and cftc. the other story that caught my eyes, reporting around the nyse and what was responsible. according to a source, it was they basically did not turn it off and back on again, the backup system. caroline: human error, basically. a deeply technological area where you are trying to ensure there is never any disasters. and one person and one personnel issue, a disaster and shoot. ed: in the markets, that's right. as many companies restructure, servicenow inc is not doing layoffs. this is bloomberg. i screwed up. mhm. i got us t-mobile home internet. now cell phone users have priority over us. and your marriage survived that? you can almost feel the drag when people walk by with their phones. oh i can't hear you... you're froze-- ladies, please! you put it on airplane mode when you pass our house. i was trying to work. we're workin' it too. yeah! work it girl! woo! i want to hear you say it out loud. well, i could switch us to xfinity. those smiles. that's why i do what i do. that and the pa

and gary gensler at the sec, he's just taking his time. to be the unlawful behavior. he's doing it on a case by case study, enforcement by action whereas in el salvador, charles, what the country's done is actually introduced a law that says quite clearly that bitcoin is money, everything else is considered to be a security. so exactly the words that gary. gensler uses, but for some reason he's being very ambiguous when it comes to enforcing the law, applying the law, and these two guys got caught up many -- in peddling unregistered securities for a number of years, and the sec is finally coming after them. charles: i think by brag -- dragging his feet, you have more and more folks that become victims of all of this stuff. and yet it's so interesting because the moment the sam bankman-fried thing exploded on the public scene to all of the things that have happened since then, has it actually been a cathartic kind of hinge for the industry? was it something that had to happen? it might if seem negative, but to ultimately give bitcoin and ot

sec.re: i'm just going to continue to be prudent here. i'm going to let this ongoing review that is happening, this legal process that is happening and let that process continue under the special counsel. amna: for his part, the president today ignored shouted questions about the documents issue. on the war in ukraine, the top u.s. military officer, army general mark milley, held his first face-to-face meeting with his ukrainian counterpart. they met in poland near the ukrainian border as kyiv presses the west f heavy weapons. meanwhile, the death toll reached 45 in saturday's russian missile strike on an apartment building in dnipro. itas the deadliest attack on civilians in oneocation since last spring. authorities in nepal confirmed today that all 72 people on a domestic airliner died sunday when the plane plunged into a gorge. it was the country's deadliest accident in 30 years. cremation ceremonies began today for the victims. other families waited outside hospital morgues, as anger g

coin base is preparing for this, there is a case known as ripple versus the sec.gital coin, sold it illegally as an unregistered security and if it wins that case, and some people are betting it might, it could lose as well and than the opposite will happen but if it does when that case, it opens the door to massive regulation on all these coins. if all these coins are out there and should be registered at the top of regulation gary gensler called for, that has a direct impact on the ecosystem of crypto including these exchanges. you can't trade on exchange, why you need and exchange. if bitcoin is the only thing that can trade on the exchange, what is coin base's overall value? it is a public company. that's what everybody is grappling with. this is interesting and cataclysmic time for crypto. you don't see it too much here but you do see it in the rest of the industry. if the sec prevails, and by the way, coin base ceo has been blaming the slowdown on the implosion of ftx and sam bankman-fried, that is another factor but you do see the sec prevailing. these comp

i think it's the sec. i've always thought it's the sec. i got a lot of pushback from my friends on the other side. they're -- not pushing back as they normally do. i would love to see that. but again, someone has to regulate this. don't you agree? >> i certainly think there has to be more controls in the sector. as regulators, i defer to this committee. >> with that madam chair, i yield my time back. thank you. >> thank you. now, the gentleman from texas, mr. williams is now recognized for five minutes. >> thank you madam chair. thank you mr. ray for being here. there's been many comparisons that have been made as people examine what happen ftx, from the bernie madoff to enron, it looks like this will go down as one of the largest frauds in history. mr. ray, you have a unique perspective on the fact that you worked on the enron bankruptcy, i'd be interested to hear you talk a little bit about how it compares. we got cut off earlier, like you hear a little bit about. >> enron was a different company, the crimes that were committed there wer

what's at stake, his reputation and his standing with the sec.he financial regulators are going to feel very vindicated. and if he wins and he is very motivated to try to clear his name and paint the sec as the overreaching bullies who have infringed on his free speech rights. he will feel vindicated. it's complicated because tesla has designated his twitter account as an official shareholder communication channel. >> which means what he says on twitter, the other company he's now running, it matters. it mattered at the time. >> we'll see what the judge and jury decide. >> thank you so much. great to see you. really appreciate it. next up, we are live in switzerland where several u.s. senators are speaking at the world economic forum. we have new reporting at a private lunch they had with some private ceos. what's happening behind the scenes an the moment that's getting a bunch of tension. >>> plus, an update on the missile strike that killed at least 40 people in ukraine. we are live in kyiv after the break. ukraine we are live in kyiv after the

the sec is pushing back on binance's plan to buy voyager digital, a deal valued at $1 billion.e agreement underpinning the deal does not include sufficient details about binance's ability to close the transaction. haslinda: let's get back to markets, take a look at tech stocks in hong kong. they are back to extending a rally on china's easing on tech. alibaba given the ok for its capital plan. currently up about 2%. let's look at the hsi index extending rallies while holding above that 2021 level. over 5% over the course of two days, having its best year since 2018. looking pretty for stocks trading on the hang seng on the back of china pivoting from it zero covid policy, a rapid reversal of those policies. rishaad: having a look at equities markets as we get to the hong kong lunch break. it is the hang seng leading the charge of the reason, a repeat of wednesday's session. looking at the china reopening and balancing that with cautious commentary coming out of the federal reserve. we had the hang seng trading at one stage at the highest level since july. come back after. we ha

sec.en: as you can see, i have just landed in israel at what is a pivotal moment. nick: secretary of state antony blinken went from the airport to a meeting with israeli prime minister benjamin netanyahu, at the top of the agenda, stopping israeli-palestinian violence. sec. blinken: that's why we're urging all sides now to take urgent steps to restore calm, to de-escalate. natan: we have seen record numbers for quite a while, at least record numbers of deaths on both sides. and now we' seeing this escalation, which has -- gives all the fodder, all the fuel for a major, perhaps third intifada. and all that's missing is a spark. nick: natan sachs directs brookings' center for middle east policy. he says weak palestinian leadership and growing palestinian frustration has created a powder keg. and now there's an ultranationalist israeli coalition that challenges the status quo at jerusalem's holiest site, calls for de facto annexation of the occupied west bank, and reducing the supreme court's

so how best to be local the enable the sec as intended quick. >> thank you for pointing out some of ourhallenges moving to the residential base reporting that's good. is an opportunity but it ties into other nuances in the tribal lands we don't necessarily have street addresses so how do we match that po box? we have to look at the systems that we use to build the map and methodologies and the challenges as chair of the council looking at tribal engagement seriously to put together different teams not just tribal leadership spent those specialists how do we work with the it department and has to be a multi- pronged approach and then to create a help desk but what we need to do is to go to each community and use our local networks and trusted partners to invite them to workshops we are planning one next week and one after christmas to bring together our tribal teams with an off-line map and we will zoom in on the neighborhoods by having them in the room. >> let me asked you a follow-up is the january 13 day and left times. >> absolutely not the will work like crazy until we hear there is

the sec is kind of like the jv of the nfl. yeah they really are .s kind of like the minor leagues. now you've got georgia trying to hold it down for the sec. it's usually alabama or georgia. now it's just georgia. and when we come back, it is national clean off your desk day. our own. will. ganz is working overtime at this very moment for that special day. that's next. you are 51163. take out the papers and the trash are you don't get no spending cash. you don't scrub the kitchen. okay papers and the trash because it is time for national clean off your desk day. and the guy with the messiest desk. will ganz sorry. does he have the messiest desk? we're about to find out. the big question is will he earned that spending cash? he joins us now live from his office space. will i personally don't think you have a messy does because my desk is a train wreck. well you know what they say a clean desk is the sign of a disturbed mind. so i'm just gonna throw that out there. and while i do think that this is our bosses, not so subtle way of asking me to clean u

the sec has been clear about its focus on custodial based yield products offered to protest events.his is consistent with that effort. what is interesting is how it matches activity in the bitcoin space. there will be a void here. activity that was speculation based, and custodial driven, for yield generation and the crypto space. that void could be billed by yield bearing products or opportunities in the lightning network. here is why. as the lightning network grows in adoption, it matures, it paves the path for a libor of the lightning network to emerge. there is a real rate for yields in the 90 network that is -- in the lightning network that is tied to capacity. as adoption grows and additional assets are introduced to the lightning network. through instance through the lightning lab taro wrote a call, weakens expect to see rate increase. we look today at their rate of both funds on lightning network and payment pathways. they would find on ambos technologies megan market -- magnet market rate you expect to see 3% return. ed: i want to ask you about sam bankman-fried and his lat

the review is part of it sec probe. according to a bloomberg source officials are weighing whether masks specifically may have an appropriately made statements and carried this dirty, the reporting caught on the heels of the other scoop earlier this month about the 2016 video and emails were elon musk is directing the language used behind how they described autopilot i know those stages. caroline: and the sec is hot on his heels in every sort of direction. it's almost reminiscent of what he has been trying to explain. when you are ceo the leader of a business the visionary when you say certain things people believe them. they end up being forward-looking guidance whether he wants them to be or not. ed: this is an extension of the sec previously reported by a number of media outlets tech in october. coming have white twitters trusted safety had is ditching protocol for elon musk. we will have that discussion next. this is bloomberg. ♪ caroline: today's big take. taking a deep dive into one of elon musk's most faithful su

well buying secseats as well. at goes for it was rubbish. well buying secseats as well. as well. whatever tend to wait a let's of visible fracture you find is it for fracture you find that is it for part one. that was joke the part one. that was a joke the way i should have said join us after for problems after the break for problems with children's health with children's mental health solutions northern solutions to the northern ireland and knife ireland protocol and knife crime. those could be all one story we'll in a couple of story we'll see in a couple of minutes . welcome back to headline as i'm your host, simon evans. and joining me tonight, we have headliners fabricio kearse and kerry marks. so let us crack on leo wednesday's mail. kerry marks. so let us crack on leo wednesday's mail . your irish leo wednesday's mail. your irish namesake has offered an olive branch to rishi sunak. i'll tell you what, i bet it wasn't a domestically grown olive branch . no, i don't think they i don't think they grew in ireland anything. so they have rishi sunak be welcomed. the wor

look -- sec comes in.n they have hearings for the game stop, congressional investigations, the hearing, i was expecting them to completely villainize the investors and why did the brokers decide to do stress tests to make sure they ask withstand this type of volume? at the end of the day, they're celebrating the systemic flaws they're finding and trying to make the whole system fair. liz: if you look back because you go back to 2022 and i'm talking about -- or 2021 in january when some of these went to the moon as they like to say. i'm thinking of amc and game stop particularly, that was quite incredible, and so the short squeeze point of this where all of these retail traders, the so called little guys, banded together to really bring down some of the big wall street short sellers out of that trade, scare them out of the trade because short sellers are like that one's going down and going bankrupt and the reddit group was quite amazing to me and i was quite impressed by it and it was quite historic. they

along with suggested answers for the chairman of the sec. adviser also wrote, "let me know if you're okay with the questions as currently written." two days later she sent a follow up. "let me know if it's looking like the chair has any issue with the framing of the questions." definitely don't want to put him in a tough spot, end quote, and it appears the chairman didn't have any wish these questions because senator warren asked almost verbatim from the email, check this out. >> chair, advocates say crypto markets are all about financial inclusion but the people who are most economically vulnerable are the ones who are most likely to have to withdraw their money the fastest when the market drops. does this sounds like the path to financial inclusion to you? >> jason: joining me now is mike davis, president of the article 3 project. mike, i know you've got some background working in the united states senate and the staff there. i served in congress for 8 1/2 years. i have never, ever heard of somebody prepping the witness with the questions

well buying secseats as well. at goes for it was rubbish. well buying secseats as well. as well. whatever tend to wait a let's of visible fracture you find is it for fracture you find that is it for part one. that was joke the part one. that was a joke the way i should have said join us after for problems after the break for problems with children's health with children's mental health solutions northern solutions to the northern ireland and knife ireland protocol and knife crime. those could be all one story we'll in a couple of story we'll see in a couple of minutes . welcome back to headline as i'm your host, simon evans. and joining me tonight, we have headliners fabricio kearse and kerry marks. so let us crack on leo wednesday's mail. kerry marks. so let us crack on leo wednesday's mail . your irish leo wednesday's mail. your irish namesake has offered an olive branch to rishi sunak. i'll tell you what, i bet it wasn't a domestically grown olive branch . no, i don't think they i don't think they grew in ireland anything. so they have rishi sunak be welcomed. the wor

. >> musk made strong claims and the sec in the claim he came to a settlement over saying the sec iske a subdued elon musk. he has been talking in circles. he gets asked questions about taking tesla private, funding secure claim but it has been a little boring. >> they asked him if the $420 a share was a reference to marijuana. you're asking a public company executive a marijuana joke speaks volumes, i think. >> exactly, about how strange the situation is. he said it wasn't a joke. he said that was the rate that he was thinking about. it was about 419 so he ramped it up to 420. it is a strange situation here. >> what does that tell you? it tests whether the world's second richest person can be held accountable for his use of twitter as basically a megaphone. he is a public company officer. you know, using twitter in any way like that, according to the sec at least, is like writing a public -- you know, a public statement. he's being tested oen that theory here. >> exactly. like elon musk uses twitter differently than a lot of other -- most other public company ceos. he's active on th

the sec slammed him for that.r if you're ceo of public company -- neil: i thought he came very, very close to the edge. >> funding secured. it was not secured. if you do that as a ceo, if you do that as a cfo, you are automatically violating securities laws, if you don't have funding secured. either, whether it is a mistake a slip of the tongue, you can't do that. that's why they don't tweet that much because -- neil: i don't -- what is the difference between that i don't want to belabor, he never said if we go through? >> he said funding secured. neil: okay. >> if he did have funding secured that would be different but remember he didn't. he paid, there was a settlement on this whole thing where he actually settled with the sec. you're going to do that, the stock goes down. the stock, here's the problem with the lawsuit. neil: real quick. >> the stock went up dramatically. it went down -- neil: was going up a hell of a lot. you're right, timing is everything. that is interesting, i didn't know it was that blatant

buscamos hablar con el fbi, la sec y el albacea.hÃvez, de origen salvadoreÃo, es un ciudadano estadounidense. desde el 2015 invierte en criptomonedas. a Ãl se acercaban desde entonces miembros de la comunidad y amigos pidiÃndole que les enseÃara cÓmo invertir en criptomonedas. de ahà surgiÓ la idea de la academia. su defensa dice que chÃvez siempre le ha dejado claro a todos que como puedes ganar, igual puedes perder y que todas las inversiones incluyen un riesgo. y niegan las acusaciones en su contra. benvenuto igual niega todos y cada uno de los seÃalamientos en su contra. en tanto que en muchos vecindarios familias trabajadoras tratan de sobrellevar la culpa y la incredulidad. hernÃndez: ¿cÓmo puede ser que yo caà en esto? involucre a mis seres queridos, a mi familia en esto. eso es lo que mÃs me mueve y no puedo estar tranquila. calderÓn: que lamentable situaciÓn, son muchas las familias como ella, preocupadas y esperando recuperar su dinero y cada dÃa se conocen mÃs casos similares en diferentes estados del paÃs. los lÃde

before serving as the 18th sec. at head, sec. fudge served as the director of budget and finance in ohio's county prosecutor's office for two terms as the mayor and then as the u.s. house of representatives for ohio's congressional district from 2008 to 2021. throughout her service, sec. fudge earned a reputation of tackling the challenges for low income families, seniors and communities across the country. the secretary cochairs the interagency task force on property appraisal evaluation equity along with ambassador susan rice, the president's domestic policy advisor. the asc and individual federal agencies represented on the board are also members. i am extremely pleased and honored to invite sec. fudge to the podium. [applause] >> good morning. it's a pleasure to be here. i want to thank the deputy director martinez. i'm happy to be here and i want to thank all of the members of the appraisal subcommittee including the vice chair and member of our team. it is a pleasure to join so many of my colleagues including the commission

i also applaud the sec for authorizing separate charges relating to mr. bankman-fried. i look forward to additional actions to hold him accountable and make customers more whole again. i yield back. i now recognize the ranking member of the committee, the gentleman from north carolina, mr. mchenry for five minutes. >> thank you, madam chair. we have heard everything but the truth. tweets, dms, and interviews are no substitute for the fact. that is why chairman waters and i worked together to get this hearing together. the first bipartisan hearing of this committee in the past four years. we have worked together to invite two witnesses. one, mr. ray, who has proven to be a reliable witness. second, well, frankly i look forward to getting his lies here on the record under oath. nevertheless, the arrest of sam bankman-fried is welcome news. it still does not get to the bottom of what happened at ftx, why it happened, and who else may be responsible. we need to understand the flow of funds between ftx and alameda research and the other 130 related entities. we need to exami

you are giving money to way to great cause. >> the sec investigated bernie five times and never foundhe ponzi scheme. and fear that he was front running. and sbf was the dog ate the homework which hasn't worked since fifth grade. >> what's fascinating about bernie, she was saying they never checked if he did a trade. his whole strategy was around options. it's calleddal split strike conversion strategy which is insane. apparently they did check the options and found he did no option trading in the u.s. he turned around and said i did it overseas. brian: from the layman, i give you money, i assume you are doing what you say. this guy is buying real estate, sam bankman-fried, in the bahamas. and he's investing in the 17th floor, the corrupt area. you hold the money, i give it to you. he just kept moving it. if the market doesn't fall out in 2008 -- >> i think he's still in business. his big four coconspirators took out $400 million. >> what took out bernie were the european investments. if he stayed with american investors. he had the madoff bond and preyed on the jewish community. he p

after the "flash crash" a few years back you know the sec implemented rules essentially to make sure,nology, not to lead to that sort of an implosion. so they're looking at this mishap in the context of those new rules that the sec passed for better technology. so, again, the big board could be paying money, not only to the clients but to the sec if they were negligent in their technology or if this shows that there is some negligence in their technology yet. not that they purposely did this, but that they didn't do all they could do to make sure the technology is up and running around current and updated. when we get more information on this, liz, i will let you know. again, no comment from the new york stock exchange. back to you. liz: charlie, forgive me if you already pointed this out, apparently, what the exchange only sets aside $500,000 per month to settle such claims? >> yes. we talked about the that the last time we covered this on "the claman countdown." there is some cap, it's a little more complicated that than, suffice it to say $500,000, a few more bucks here and there t