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The crypto crash was inescapable

The crypto crash was inescapable

The cryptocurrency crash has people talking about regulating and centralizing the notoriously anti-regulation, decentralized industry. But would regulations change cryptocurrency so much that it would essentially stop being crypto?

Headlines From The Times · Gustavo Arellano, Denise Guerra, Kasia Broussalian, Ashlea Brown, David Toledo, Mario Diaz, Mark Nieto, Mike Heflin, Kinsee Morlan, Jazmín Aguilera, Shani O. Hilton, Roberto Reyes, Heba Elorbany, Nicolas Perez, Helen Li

December 21, 202227m 18s

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Show Notes

Cryptocurrency started the year strong. But as 2022 ends, what was supposed to be a revolutionary way to buy, save and invest has collapsed. The price of nearly every cryptocurrency has plunged. Multiple businesses built specifically around them have cratered.

Now, members of Congress are calling for more stringent regulations around crypto. But would regulations change cryptocurrency so much that it would essentially stop being crypto? Today, the over-talked-about, often under-understood world of crypto. Read the full transcript here.

Host: Gustavo Arellano

Guests: L.A. Times reporter Michael Hiltzik

More reading:

Column: Crypto tycoon Sam Bankman-Fried didn’t lose a $16-billion fortune. His ‘fortune’ was never real

Column: Shame, suicide attempts, ‘financial death’ — the devastating toll of a crypto firm’s failure

Column: Thinking of putting crypto in your 401(k)? Think twice

Topics

ftxbitcoincurrencymoneycrytpeconomicssam bankman-friedcryptocurrencyfinancial news