regulation in crypto

Michael Lewis joins Sean Illing to discuss his new book about Sam Bankman-Fried, Going Infinite: The Rise and Fall of a New Tycoon. They talk about the FTX crash, what Lewis learned while shadowing Bankman-Fried, and what SBF’s rise and fall says about us and our financial systems. Host: Sean Illing (@seanilling), host, The Gray Area Guest: Michael Lewis, author, Going Infinite: The Rise and Fall of a New Tycoon References:  Going Infinite: The Rise and Fall of a New Tycoon by Michael Lewis (W.W. Norton & Company, 2023) The Big Short: Inside the Doomsday Machine by Michael Lewis (W.W. Norton & Company, 2010) The Blind Side: Evolution of a Game by Michael Lewis (W.W. Norton & Company, 2007) Moneyball: The Art of Winning An Unfair Game by Michael Lewis (W.W. Norton & Company, 2004) Liar’s Poker by Michael Lewis (W.W. Norton & Company, 1989) “Sam Bankman-Fried tries to explain himself” by Kelsey Piper (Vox, Nov. 2022) Enjoyed this episode? Rate The Gray Area ⭐⭐⭐⭐⭐ and leave a review on Apple Podcasts. Subscribe for free. Be the first to hear the next episode of The Gray Area by subscribing in your favorite podcast app. Support The Gray Area by making a financial contribution to Vox! bit.ly/givepodcasts This episode was made by:  Engineer: Patrick Boyd Deputy Editorial Director, Vox Talk: A.M. Hall Learn more about your ad choices. Visit podcastchoices.com/adchoices

IN THIS EPISODE, YOU’LL LEARN: 01:14 - Paper Bitcoin and what's causing the massive sell-off. 08:52 - How Silicon Valley VC fed the "Crypto" scam. 09:51 - How much more impairment is left in the market? 14:00 - What is happening with Genesis and DCG? 26:56 - What is happening with the GBTC discount? 31:27 - What is happening with Silvergate Bank? 38:56 - ETH and OFAC Compliance. 52:56 - What is happening with Tether? Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences. BOOKS AND RESOURCES Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, and the other community members. Dylan's article: The Conclusion of the Long-term Debt Cycle and the Rise of Bitcoin. Related Episode: Bitcoin Derivatives & On-Chain Data w/ Will Clemente & Dylan LeClair - BTC053. NEW TO THE SHOW? Check out our We Study Billionaires Starter Packs. Browse through all our episodes (complete with transcripts) here. Try our tool for picking stock winners and managing our portfolios: TIP Finance Tool. Enjoy exclusive perks from our favorite Apps and Services. Stay up-to-date on financial markets and investing strategies through our daily newsletter, We Study Markets. Learn how to better start, manage, and grow your business with the best business podcasts.  SPONSORS Support our free podcast by supporting our sponsors: River Toyota Linkedin Marketing Solutions Fidelity Efani Shopify NDTCO Fundrise Wise NetSuite TurboTax Vacasa NerdWallet Babbel Learn more about your ad choices. Visit megaphone.fm/adchoices