Robert Reich LIES About Crypto

Robert Reich, non-economist, non-financial expert, non-cryptographic expert, and Clinton's Secretary of Labor, spreads misinformation and even outright lies about cryptocurrency.

Cryptocurrency Is a Ponzi Scheme. It's Time to Regulate It https://www.newsweek.com/cryptocurrency-ponzi-scheme-its-time-regulate-it-opinion-1721965

Dash Core CEO Details SEC Communication, Believes Dash Is Established As Not a Security https://dashnews.org/dash-core-ceo-details-sec-communication-believes-dash-is-established-as-not-a-security/

Howey Test Definition https://www.investopedia.com/terms/h/howey-test.asp

Money charts:
* DJIA - Dow Jones Industrial Average - CNNMoney https://money.cnn.com/data/markets/dow/
* S&P 500 Index - CNNMoney.com https://money.cnn.com/data/markets/sandp/
* COMP.IDX - NASDAQ Composite Index Stock quote - CNNMoney.com https://money.cnn.com/quote/quote.html?symb=COMP.IDX&xid=cnn_hp_marketbox
* Bitcoin price today, BTC to USD live, marketcap and chart | CoinMarketCap https://coinmarketcap.com/currencies/bitcoin/
* Dash price today, DASH to USD live, marketcap and chart | CoinMarketCap https://coinmarketcap.com/currencies/dash/

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0:00 - Intro
0:48 - Reich on Crypto
2:05 - Glass-Steagall
4:50 - The 2008 Financial Crisis
8:50 - Crypto exchanges ARE SO insured!
10:16 - Crypto lobbyists???
11:36 - Reich's Conclusion
13:00 - The REAL Reason Crypto Is Dropping
15:33 - Dash Is Not a Security
18:43 - Bitcoin Is Not a Security or Investment