Raoul Pal: The Journey Man
U.S. Lawmakers Crack Down on Crypto
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Show notes
U.S Senators Elizabeth Warren (D-Mass.) and Roger Marshall (R-Kan.) have introduced a bipartisan bill aimed at hindering criminal transactions in the cryptocurrency industry. If the Digital Asset Anti-Money Laundering Act becomes law, it will apply know-your-customer (KYC) rules to wallet providers and increase compliance with the current financial system. But what’s it mean for the average investor? Plus, Cathie Wood’s ARK Innovation ETF bought more shares of Coinbase ($COIN) as the stock dropped to an all-time low, and BTC broke above $18,000 for the first time since FTX went under. On today’s show, Benjamin Cowen, the founder of Into The Cryptoverse, joins Ash Bennington and Marco Olivera for a technical breakdown of the latest price action.
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