Lee and Jimmie discuss Coinbase's decision to nuke the crypto market structure markup, Tether's use in Venezuela, and Tether freezing $182M in USDT on Tron.

📺 Watch on YouTube: Coffee & Crypto With Lee & Jimmie

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• Lee Reiners → @leereiners • Jimmie Lenz → @jimmie_lenz

🔗 Related Links:

• Senate Banking Committee lawmakers say crypto bill is 'closer than ever' despite setbacks | The Block
• Maduro's Crypto-Backed Oil Deals Put Tether at Center of Venezuela Money Drama - WSJ

• Tether freezes $182M in USDT across five Tron wallets

Lee and Jimmie discuss next week's planned markup of a crypto market structure bill in the US Senate, the ongoing fight over stablecoin "rewards", Moody's bullish view on stablecoins, JPM Coin moves to Canton, Wyoming's new stablecoin, World Liberty Financial's national trust bank application, Citadel pushing back on DeFi exemptions, and DTCC's no-action letter from the SEC to enable tokenization.

📺 Watch on YouTube: Coffee & Crypto With Lee & Jimmie

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🔗 Related Links:

• Bankers Urge Senate To Ban Stablecoin Yield Payments - Law360
• Stablecoins become core market plumbing in Moody's 2026 outlook — TradingView News
• JPMorgan brings JPM Coin to Canton, its second extension after launching on Base | The Block
• News Release: 01-07-2026 | Governor Mark Gordon
• Trump-linked World Liberty Financial applies for federal bank charter
• ctf-written-citadel-securities-def-response-ltr-12-31-2025.pdf
• DTCC Obtains No-Action Letter From SEC's Division of Trading and Markets Allowing New Securities Tokenization Service | News | Cleary Gottlieb

Lee and Jimmie reveal their naughty and nice lists for the past year in crypto.

📺 Watch on YouTube: Coffee & Crypto With Lee & Jimmie

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• Lee Reiners → @leereiners • Jimmie Lenz → @jimmie_lenz

🔗 Related Links:

• TerraUSD creator Do Kwon sentenced to 15 years over $40 billion crypto collapse | Reuters
• J.P. Morgan arranges landmark U.S. Commercial Paper issuance on Solana Public Blockchain for Galaxy Digital Holdings LP
• Harvard's Big Wager on Bitcoin Came Right Before the Bust - WSJ
• Exclusive | JPMorgan Steps Further Into Crypto With Tokenized Money Fund - WSJ

Lee and Jimmie discuss big crypto moves by Bank of America and Vanguard, the potential for MSCI to exclude digital asset treasury companies from their indices, a new paper on tokenized money market funds from the BIS, and a new pilot from the CFTC on allowing digital asset collateral in derivatives transactions.

📺 Watch on YouTube: Coffee & Crypto With Lee & Jimmie

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🔗 Related Links:

• Bank of America says its wealth management clients may put up to 4% of their portfolio in crypto
• Vanguard Relents on Crypto ETFs, Will Allow Them on Its Platform - Bloomberg
• MSCI-Letter-12.3.25.pdf
• S&P downgrades Tether's assets to lowest level
• bisbull115.pdf
• Acting Chairman Pham Announces Launch of Digital Assets Pilot Program for Tokenized Collateral in Derivatives Markets | CFTC

Lee and Jimmie discuss the use of leverage in crypto markets, S&P's Tether downgrade, the CFTC's announcement of spot crypto trading on U.S. regulated exchanges, and Chair Atkins' speech at the NYSE.

📺 Watch on YouTube: Coffee & Crypto With Lee & Jimmie

📌 Hosts on X (formerly Twitter):

• Lee Reiners → @leereiners • Jimmie Lenz → @jimmie_lenz

🔗 Related Links:

• Digital Assets Sentiment Survey
• Leverage is crypto trading's faultline
• S&P downgrades Tether's assets to lowest level
• Acting Chairman Pham Announces First-Ever Listed Spot Crypto Trading on U.S. Regulated Exchanges | CFTC
• SEC.gov | Revitalizing America's Markets at 250

Lee and Jimmie break down the recently released S-1 filing from crypto asset manager Grayscale and explore what it means for the company's chances of going public.

📺 Watch on YouTube: Coffee & Crypto With Lee & Jimmie

📌 Hosts on X (formerly Twitter): • Lee Reiners → @leereiners • Jimmie Lenz → @jimmie_lenz

🔗 Related Links:

• Grayscale S-1

Lee and Jimmie dive into the implications of stablecoin growth on U.S. monetary policy, unpack the potential fallout from a major settlement between credit card issuers and large merchants, explore the collapse of digital asset treasury companies, and explain the curious concept of the "DeFi mullet."

📺 Watch on YouTube 🎥 Coffee & Crypto With Lee & Jimmie

📌 Hosts on X (formerly Twitter) • Lee Reiners → @leereiners • Jimmie Lenz → @jimmie_lenz

🔗 Related Links

• PDF: miran20251107a
• Visa and Mastercard Near Deal With Merchants That Would Change Rewards Landscape – WSJ
• The Year's Hottest Crypto Trade Is Crumbling – WSJ
• Coinbase Disrupts Bitcoin-Backed Lending – Decrypt
• Why Trump's team is betting on stablecoins

Lee and Jimmie debrief Jimmie's visit to Money 20/20 before diving into a flurry of stablecoin announcements. They also discuss the potential for FASB to recognize stablecoins as cash equivalents in financial statements and Fed Governor Waller's idea for a "skinny" master account for payment companies.

📺 Watch on YouTube 🎥 Coffee & Crypto With Lee & Jimmie

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• Lee Reiners → @leereiners
• Jimmie Lenz → @jimmie_lenz

🔗 Related Links

• Big Banks Enter Stablecoin Era by Taking Zelle International – WSJ
• Western Union Joins the Crypto Arms Race – WSJ
• Citi and Coinbase Boost Digital Asset Payment Capabilities
• Mastercard to Acquire Zerohash for Nearly $2B – Fortune Crypto
• Stablecoin Hype Fuels Crypto's Demands for Accounting Clarity
• Governor Waller's Remarks at the Payments Innovation Conference – Federal Reserve

Lee and Jimmie discuss CZ's pardon, the impact of stablecoins on credit intermediation, and the October 10th crypto sell-off—and the lessons it offers for market structure and risk.

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🔗 RELATED LINKS:

• Exclusive Trump Pardons Convicted Binance Founder – WSJ • If DeFi is the Future of TradFi, What Did Friday Teach Us? – Cumberland DRW LLC • Binance Announces The $400 Million "Together Initiative" – Binance • The Coming Stablecoin Shock to America's Credit Markets • GENIUS at Work in the US Financial System

Lee and Jimmie discuss Swift's plans for blockchain-based payments, Intercontinental Exchange's investment in Polymarket, the SEC's approval of generic listing standards for crypto ETPs, Grayscale's launch of ETH staking ETPs, a new crypto industry index from S&P, and controversy over trading volume on the DeFi exchange Aster. Lee's X: @leereiners Jimmie's X: @jimmie_lenz Register for Digital Assets at Duke: https://www.digitalassetsatduke.org/ Watch Coffee & Crypto on YouTube: Coffee & Crypto With Lee & Jimmie - YouTube Related Links:

• Swift to add blockchain-based ledger to its infrastructure stack in groundbreaking move to accelerate and scale benefits of digital finance across more than 200 countries and territories worldwide | Swift
• NYSE Owner Intercontinental Exchange in Deal for $2 Billion Stake in Polymarket - WSJ
• SEC.gov | SEC Approves Generic Listing Standards for Commodity-Based Trust Shares
• Grayscale Enables Staking For First US Spot Crypto ETPs
• S&P Global to Launch Innovative Crypto Ecosystem Index, a New Way to Combine Cryptocurrencies and Crypto-Linked Equities - Oct 7, 2025
• Aster Delisting Exposes DeFi's Growing Integrity Crisis