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Crypto goes on trial, as Sam Bankman-Fried faces his reckoning

New York Times: FTX founder symbolises everything that went wrong with the crypo industry.

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Transcripts for BBCNEWS Breakfast 20240604 05:34:00

the better. we are coming to a criticaljuncture the better. we are coming to a critical juncture that the better. we are coming to a criticaljuncture that beijing begins to shift its attitude towards the collective wet as well. in terms ofthe the collective wet as well. in terms of the uk china the collective wet as well. in terms of the uk china relationship, - the collective wet as well. in terms of the uk china relationship, whatl of the uk china relationship, what kinds of project might happen, but kinds of project might happen, but kind of things might we notice that symbolise any future cooperation? i think the key area will be on climate change and financial services. but given the current political climate, when we are talking about university and scientific research collaboration, that will not be on the table at all. i think that will not be on the table at all. ithink it that will not be on the table at all. i think it will be on the climate change side and global governan

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Transcripts for BBCNEWS HARDtalk 20240604 22:48:00

perfectly well today. the problem isn t a lack of technology. the problem is the way we run the planet. it s a political, not a technological problem. both are true. both are true, and they don t need to be dependent. it s not that you have to choose. we can continue to have really important social gain through political action, and we can also continue to move all of society forward and humanity forward by investing in and building new technologies that are only going to be enabled by market based systems. here we sit in san francisco, one of the hubs of america s big tech economy. i mean, this city has received so much money, has become so prosperous and, of course, still has massive economic problems to go alongside that but it has come to symbolise, and particularly california as a whole, has come to symbolise the success of american big tech. but do you appreciate that right now, there is a growing public scepticism about big tech, and about

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Transcripts for BBCNEWS HARDtalk 20240604 04:47:00

by market based systems. here we sit in san francisco, one of the hubs of america s big tech economy. i mean, this city has received so much money, has become so prosperous and, of course, still has massive economic problems to go alongside that but it has come to symbolise, and particularly california as a whole, has come to symbolise the success of american big tech. but do you appreciate that right now, there is a growing public scepticism about big tech, and about the impacts it is having on society here in america, but around the world? yeah, and i will tell you, for the first time in my career, i am seeing the scepticism and the concern about the aggregation and the monopoly effects that are being realised in the technology markets being heralded notjust by the majority, but also by the minority in the tech world. and we re seeing it from everywhere. you re saying because you re very wired into the tech sector, you have a big network

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Transcripts for BBCNEWS HARDtalk 20240604 00:46:00

to move all of society forward and humanity forward by investing in and building new technologies that are only going to be enabled by market based systems. here we sit in san francisco, one of the hubs of america s big tech economy. i mean, this city has received so much money, has become so prosperous and, of course, still has massive economic problems to go alongside that but it has come to symbolise, and particularly california as a whole, has come to symbolise the success of american big tech. but do you appreciate that right now, there is a growing public scepticism about big tech, and about the impacts it is having on society here in america, but around the world? yeah, and i will tell you, for the first time in my career, i am seeing the scepticism and the concern about the aggregation and the monopoly effects that are being realised in the technology markets

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