Jan 18, 2024

"CoinDesk Daily" host Jennifer Sanasie breaks down the biggest headlines shaping the crypto industry, including the latest update on the U.S. Securities and Exchange Commission's (SEC) case against crypto exchange, Coinbase.

Video transcript

Will a judge decide to throw out the S ECs case against Coinbase and Donald Trump promises to ban CBD CS. You're watching Coin Desk daily, I'm your host, Jen Sani. A judge is facing the decision on whether or not to toss out the securities and exchange Commission's case against Coinbase. The ruling will hinge on whether the transactions in any of a dozen crypto tokens should be classified as an unregistered security. The Exchange and Securities Commission agreed in a Wednesday court hearing that the tokens themselves aren't securities sec lawyers argued that each trade amounted to an investor buying into a token ecosystem in which the purchaser is hoping to share in its gains making it so that these transactions could be considered investment contracts. Coinbase. On the other hand said that these are secondary market trades in which no contract is in place so they can't be securities. The judge's decision is expected to come in the coming weeks but no timeline has been set. Former president and front runner in the Republican leadership race. Donald Trump has promised to ban central bank digital currencies during a campaign stop in New Hampshire. Let's take a listen as you're president, I will never allow the creation of a central bank digital currency. I didn't know. You know, so I'm very well, New Hampshire, very smart people, very uh very current, you know what they're doing. Such a currency would give a federal government, our federal government the absolute control over your money. CBD CS are digital versions or tokenized versions of cash that are issued by central banks. They may or may not use Blockchain as an underlying technology. And Solana based meme coin dog with hat makes a comeback. The coin based on this super cute pup in a beanie rose as much as 50% to 48 cents in the past 24 hours before retreating. This as trad five firm Franklin Templeton alluded to the W hat meme in an ex post late on Wednesday, spurring sentiment, other meme tokens like used car pop, catt and K pop also spiked as much as 50% according to data from tracking service, bird eye. Part of the recent appeal could have stemmed from Solana Mobile's announcement of a new phone in the works which is expected to ship in 2025. That's it for coin desk daily, get more updates on coindesk.com and we'll see you next time.

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