Crypto Update | SEC Chair Faces Harsh Questions as Ether Spot ETF Proposals Hit Delays

Noelle Acheson, author of the Crypto Is Macro Now newsletter, explores the recent House Financial Services Committee hearing where SEC Chair Gary Gensler's struggle to define securities was brought to the forefront, accompanied by committee members highlighting SEC communication inconsistencies and a lack of cooperation, all against the backdrop of ETFs' prominent role. Today's episode is sponsored by Kraken Pro. Today’s Stories: Bitcoin - Monthly Return US small-cap stocks wilt in the heat of higher interest rates | Financial Times  https://twitter.com/EricBalchunas/status/1707203091785732272?s=20 SEC Begins Consideration of Franklin, Hashdex Crypto ETFs, Delays Decision on VanEck, ARK Ether ETFs SEC’s Gensler Throws More Crypto Punches in Congressional Hearing - From our sponsors: Meet the all-new Kraken Pro. The powerful, customizable, beautiful way to trade crypto. It’s Kraken's most powerful trading platform ever - packed with trading features like advanced order management and analytics tools — all in a redesigned, modular trading interface. Head to pro.kraken.com and trade like a pro. Not investment advice. Some crypto products and markets are unregulated. The unpredictable nature of the cryptoasset markets can lead to loss of funds and profits may be subject to capital gains tax. - This episode was hosted by Noelle Acheson. “Markets Daily” is executive produced by Jared Schwartz and produced and edited by Michele Musso. All original music by Doc Blust and Colin Mealey.