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Blockchain-based lending platform Maple Finance unveiled a major protocol overhaul in an attempt to improve on shortcomings highlighted by a spate of recent loan defaults after being hit with the FTX fallout. Maple Finance CEO Sid Powell discusses the upgrade and state of crypto lending in the wake of FTX's collapse.

Dec 15, 2022

Matt Stoller, director of research at the American Economic Liberties Project, wrote an opinion piece on CoinDesk titled "Cryptocurrencies: A Necessary Scam?" He compares crypto to the anti-monopoly movement. Stoller joins "First Mover" to discuss his thesis.

Dec 14, 2022

New FTX CEO John J. Ray III testified before the U.S. House Financial Services Committee Tuesday as his predecessor Sam Bankman-Fried faces fraud and conspiracy charges. Rep. Ritchie Torres (D-N.Y.), who attended the hearing, discusses the key takeaways and possible regulatory outcomes.

Dec 14, 2022

U.S. Congressman Rep. Ritchie Torres (D-N.Y.) discusses his take on the legislation needed in the aftermath of FTX's collapse and how much of it is due to fraud. "Demonizing a whole industry based on the fraudulence of one actor is fundamentally unfair," Torres said. "Sam Bankman-Fried is not representative of crypto finance any more than Bernie Madoff is representative of conventional finance."

Dec 14, 2022

U.S. Rep. Ritchie Torres (D-N.Y.) discusses his take on new FTX CEO John J. Ray III's testimony before the U.S. House Financial Services Committee Tuesday. "He spoke carefully...he was careful not to weigh in on crypto at large."

Dec 14, 2022

Sam Bankman-Fried, founder and former CEO of crypto exchange FTX, will be remanded into custody after a Bahamas judge ruled he should be denied bail on Tuesday. CoinDesk Global Policy and Regulation Managing Editor Nikhilesh De discusses the latest developments in FTX's collapse.

Dec 14, 2022

Bitcoin (BTC) is trading just below $18,000 as traders look to another interest rate hike from the Federal Reserve. 3IQ Head of Research Mark Connors discusses the recent price actions, and reacts to Binance CEO Changpeng "CZ" Zhao's warning to his staff of turbulent times ahead.

Dec 14, 2022

"By making stablecoins treasury-backed, you increase integrity and you align incentives," says 3IQ Head of Research Mark Connors. He explains why he believes stablecoins will be forced to be treasury-backed.

Dec 14, 2022

FTX founder Sam Bankman-Fried tweeted that the crypto exchange was "fine" on Nov. 7, then subsequently deleted the statement. Rep. Ritchie Torres (D-N.Y.), who was in the room at Tuesday's House Financial Committee hearing on the FTX collapse, says Bankman-Fried "misled the public, he lied."

Dec 14, 2022

Matt Stoller, director of research at the American Economic Liberties Project, casts doubt on the technology behind the crypto industry, saying "blockchain is just an inefficient spreadsheet ... there's almost no use case." Plus, his outlook on this industry for 2023.

Dec 14, 2022