Bitcoin faces pressure after hotter-than-expected inflation data: CNBC Crypto World

On today's episode of CNBC Crypto World, crypto markets are on pace to outperform Wall Street despite a Wednesday pullback driven by hotter-than-expected wholesale data. Also, the SEC and CFTC issue joint guidance on the regulatory classification of crypto assets. Bam Azizi, CEO of Mesh, discusses what it takes to run a crypto business in a slowdown.