CoinDesk Podcast Network

The Bank of England reversed its rules on stablecoin holdings.

The Bank of England reversed its plan to cap how much stablecoin individuals and businesses can hold, replacing it with a £40 billion ($50 billion) issuance cap per coin. CoinDesk's Sam Ewen hosts "CoinDesk Daily."

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This episode was hosted by Sam Ewen. “CoinDesk Daily” is produced by Jennifer Sanasie and edited by Victor Chen.

CoinDesk hosts Rebecca Rettig and Renato Mariotti open on the record-breaking SpaceX IPO, then turn to Terry Duffy's exit from CME and the exchange's threatened lawsuit against the CFTC over whether perpetuals are swaps or futures. Their guest is Dan Berkovitz, former Commissioner of the CFTC and former General Counsel of the SEC, now at Millennium Management, who brings a rare both-agencies vantage point to the push for SEC–CFTC harmonization, the swaps-versus-futures fight over perps, and the "economic purpose" test he argues sports-betting prediction markets cannot meet.

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Check out CoinDesk's latest episode of Public Keys from the NYSE: https://www.youtube.com/watch?v=75LrBmSScvY&list=PLZWrc_gWChqnim-9ZbIKZTOrPA7IgFKVR&pp=sAgC

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Register now for CoinDesk’s Policy and Regulation event on September 22, 2026: https://policy-regulation.coindesk.com/.

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Timecodes:

00:00 The Role of CFTC

00:25 Welcome to The Policy Protocol

00:44 The Record SpaceX IPO and Retail Demand

01:41 Synthetic SpaceX Perps on Hyperliquid

03:40 Terry Duffy Exits CME and Sues the CFTC

06:07 Dan Berkovitz Joins the Show

06:44 Can the SEC and CFTC Harmonize?

08:29 Are Perpetuals Swaps or Futures?

09:11 Prediction Markets and the 'Economic Purpose' Test

11:07 The ErisX Sports Betting Precedent

13:07 The Hurricane Hedging Counterargument

15:02 Why Crypto Couldn't 'Come In and Register' Before

17:28 Gary Gensler Is Back

20:27 Person of the Week: Jamie McDonald

Arthur Hayes on his HYPE position, AI bubble, and the new Fed Chair.

On today's Markets Outlook, BitMEX Co-Founder and Maelstrom CIO Arthur Hayes tells CoinDesk's Jennifer Sanasie why all roads still lead to money printing, how long the AI bubble has left, and why he has zero regrets about publicly selling his HYPE position. Plus, his reaction to Michael Saylor's Bitcoin stress test.

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Timecodes:

00:00 - Arthur Hayes Joins Markets Outlook

01:30 - Arthur’s Reaction to Michael Saylor News and Strategy Business Model

02:59 - When Does the AI Bubble Burst?

03:56 - New Fed Chair Warsh's Task Forces & What It Really Means

06:58 - Uniswap & Standard Chartered's $100 Price Target

08:06 - Responding to the HYPE Selloff Drama

09:24 - HYPE vs. SOL: Which Wins?

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For more commentary from Arthur Hayes:

IG - https://www.instagram.com/cryptohayes/

LinkedIn - https://www.linkedin.com/in/arthur-hayes-b493b42/

Substack - https://cryptohayes.substack.com/

Web: https://www.cryptohayes.com

X - https://x.com/cryptohayes

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Maelstrom Fund:

LinkedIn: ⁠https://www.linkedin.com/company/maelstromfund ⁠

Web - ⁠https://www.maelstrom.fund ⁠

X - ⁠https://x.com/maelstromfund ⁠

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Check out CoinDesk's latest episode of Public Keys from the NYSE: https://youtu.be/75LrBmSScvY

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To get marketing moving news delivered daily, download CoinDesk’s mobile app: https://linktr.ee/coindeskapp.

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This episode was hosted by Jennifer Sanasie.

CME CEO says they will sue the CFTC.

CME CEO Terrence Duffy says the exchange will sue the CFTC, arguing the regulator's approval of Kalshi's perpetual futures violates the Dodd-Frank Act by treating what are really swaps as futures. CoinDesk's Jennifer Sanasie hosts "CoinDesk Daily."

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This episode was hosted by Jennifer Sanasie. “CoinDesk Daily” is produced by Jennifer Sanasie and edited by Victor Chen.

Kevin Warsh's first FOMC presser.

The Federal Reserve is expected to hold rates steady at Kevin Warsh's first meeting as chair, leaving markets to parse the dot plot and his press conference for clues on the path ahead. If Warsh signals a more dovish stance than markets are pricing, bitcoin could react positively. CoinDesk's Jennifer Sanasie hosts "CoinDesk Daily."

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This episode was hosted by Jennifer Sanasie. “CoinDesk Daily” is produced by Jennifer Sanasie and edited by Victor Chen.