Hedera's HBAR Spikes; Ethereum Co-Founder Joseph Lubin Discusses Crypto's Regulatory Hurdles

Joseph Lubin talks regulation and Hera sources. Welcome to Coin Desk Daily. I'm your host, Jenn Sona. Let's take a look at the markets. Hadera hash graft led gains amongst major tokens today rising around 7%. The jump comes after Hadera announced that Stable Coin studio, its open source, stable coin issuance and management tool kit is live the point desk. Bitcoin price XX index is currently trading at $26.6000 rising slightly this morning as traders digested concerns of a ruling in the FTX court case that temporarily spooked markets earlier this week. On Wednesday, a bankruptcy judge ruled that FTX can sell and invest its crypto holdings to pay back creditors. The exchange's holdings are said to be worth over $3.4 billion. Singapore's financial regulator has issued a nine year ban against the founders of three arrows capital. It will block them from operating in the country's regulated financial services industry. This comes after the regulator began investigating three ac in June 2022 for providing false information to the public. The executive branch wants to slow things down. The legislative branch is mixed. The judicial branch however, has done wonderful things for our ecosystem recently, bringing some clear thinking to our space and freeing up a lot of us to operate in the US. The co-founder of Ethereum is weighing in on the regulatory outlook in the US. That's Joseph Lubin speaking to C NBC this morning saying, quote, clear heads will prevail and quote as the sec and crypto firms debate whether tokens are securities. Lubin says he believes Ether is a commodity. That's a wrap for Coindesk daily. Get more updates on coindesk dot com and we'll see you next time.