(Jim Cooke / Los Angeles Times)
Cryptocurrency started the year strong. But as 2022 ends, what was supposed to be a revolutionary way to buy, save and invest has collapsed. The price of nearly every cryptocurrency has plunged. Multiple businesses built specifically around them have cratered.
Now, members of Congress are calling for more stringent regulations. But would regulations change cryptocurrency so much that it would essentially stop being crypto? Today, the over-talked-about, often under-understood world of crypto. Read the full transcript here.
Host: Gustavo Arellano
Guests: L.A. Times reporter Michael Hiltzik
More reading:
Column: Crypto tycoon Sam Bankman-Fried didn’t lose a $16-billion fortune. His ‘fortune’ was never real
Column: Shame, suicide attempts, ‘financial death’ — the devastating toll of a crypto firm’s failure
Column: Thinking of putting crypto in your 401(k)? Think twice
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David Toledo is an award-winning audio producer and storyteller with the Los Angeles Times. Most recently, he was an associate producer on various ABC News shows. He produced segments on their daily news podcast “Start Here,” as well as their LGBTQ+ culture podcast “Life Out Loud with LZ Granderson” and their entertainment news show “Close Up with Kelley Carter.” Before that, he was an early member of the audio team at CNN, where he produced shows covering the COVID-19 pandemic, the Trump era and the racial reckoning of 2020. He is originally from Medellin, Colombia, but now calls Brooklyn his home. He graduated from UC Irvine with a degree in political science and is an avid long-distance runner.