Crypto, BNPL, AMEX Crushes it and Chris Hates Shark Tank

<p>The SEC are suing two crypto brokerages - Genesis Global Capital and Gemini Trust Co. - for breaking securities rules. The SEC says that the firms illegally raised billions of dollars from hundreds of thousands of investors through the so-called Gemini Earn program. That product, which let customers loan out their assets in exchange for interest payments, amounted to the offering of unregistered securities. Gemini launched Earn in February of 2021, with the idea of offering users passive returns on their coins in exchange for the right to lend the tokens out. By August, the program, which offered rates that far exceeded those on traditional bank accounts, crossed $3 billion in assets.</p><p>In this episode of The Higher Standard, Chris and Saied examine this news and try to determine what it means for the embattled crypto industry as a whole.</p><p>They discuss the problem with fake followers and accounts on social media and how people can use these tactics to attack others and get social accounts blocked or even banned.</p><p><br></p><p>Chris and Saied look at the difficulty with artificial intelligence and why Congress may be too late to the party in trying to regulate it and anything to do with the internet.</p><p><br></p><p>They also offer some thoughts on a reportedly 'risky' move by American Express, in which they have reinvented the Platinum card to make it more desirable to younger urbanites, increasing the annual fee well above those of its competitors - a strategy which seems to have worked.</p><p><br></p><p>Join Chris and Saied for this fascinating and informative conversation.</p><p><br></p><p>Enjoy!</p><p><br></p><p><strong>What You’ll Learn in this Show:</strong></p><ul><li>Why it's now possible to 'buy now, pay later' on things like pizza.</li><li>Why Chris thinks Shark Tank is just a money grab and why he dislikes Kevin O'Leary.</li><li>JP Morgan’s claim that it was 'duped' into acquiring fintech startup Frank, due to lies about Frank's scale and success, created by an enormous list of fake use