Lee and Jimmie discuss a new Senate compromise on stablecoin rewards, the debate around whether stablecoin issuers should unilaterally freeze wallets tied to illicit activities, an SEC staff statement exempting DeFi front-ends from broker-dealer registration, and the myriad issues surrounding event contracts and prediction markets.

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

📌 Hosts on X (formerly Twitter):

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

🔗 Related Links:

• Clarity Act text lets crypto firms offer stablecoin rewards while shielding bank yield
• Circle won't freeze stolen crypto. Tether will. Now what? | American Banker
• SEC Staff Exempt Certain Crypto Wallet Interfaces From Broker-Dealer Registration Requirements - Unchained
• Senate Bans Prediction Markets for Its Members and Staff - The New York Times
• Why Almost Everyone Loses—Except a Few Sharks—on Prediction Markets - WSJ

Lee and Jimmie discuss the latest North Korean DeFi hack and follow-on impacts to DeFi lending protocols, Justin Sun suing World Liberty Financial, findings from Coinbase's quantum advisory council, analysis on community bank crypto-related deposit outflow, and Charles Schwab getting into crypto.

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

📌 Hosts on X (formerly Twitter):

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

🔗 Related Links:

• World Liberty Financial Proposes Burning 4.5 Billion Insider Tokens in 62-Billion Token Vesting Overhaul - Unchained
• Crypto Hack Sparks $9 Billion Outflows From Top DeFi Lender - Bloomberg
• Hackers Behind $300 Million Crypto Theft Now Laundering Loot - Bloomberg
• Eric Trump and WLFI Co-Founder Push Back on Justin Sun's Lawsuit, Calling Claims 'Meritless' - Unchained
• Coinbase Quantum Advisory Council Publishes Position Paper on Quantum Computing and Blockchain
• New KlariVis Analysis: 9 in 10 Community Banks Have Active Deposit Pathways to Coinbase | Morningstar
• Charles Schwab Announces Details of Spot Crypto Trading Launch | Charles Schwab

Lee and Jimmie discuss the recent shenanigans at World Liberty Financial, the Drift protocol hack, extortion at Kraken, the FBI's most recent internet crime report, and new crypto ETF offerings from Morgan Stanley and Goldman Sachs.

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

📌 Hosts on X (formerly Twitter):

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

🔗 Related Links:

• World Liberty Financial Proposes Burning 4.5 Billion Insider Tokens in 62-Billion Token Vesting Overhaul - Unchained
• Trump-Linked World Liberty Project Faces Investor Revolt - Bloomberg
• Drift says $270 million exploit was a six-month North Korean intelligence operation
• Kraken Says Criminal Group Claims Access to Some Customer Data - Bloomberg
• 2025_IC3Report.pdf
• Morgan Stanley's MSBT Debuts as the Cheapest Spot Bitcoin ETF, Logs $34 Million on Day One - Unchained
• Goldman Sachs Files Preliminary Prospectus for Bitcoin Premium Income ETF - Unchained

Lee and Jimmie discuss Satoshi's true identity, Iran's use of crypto, Trump accounts, new White House analysis on stablecoin deposit flight, and Franklin Templeton's new crypto unit.

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

📌 Hosts on X (formerly Twitter):

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

🔗 Related Links:

• Who Is Satoshi Nakamoto? My Quest to Unmask Bitcoin's Creator - The New York Times
• Adam Back Denies He Is Satoshi Nakamoto in Response to Times Investigation - The New York Times
• Iran's crypto tanker tolls are the latest step in its sanctions‑busting trade network
• Treasury Department Designates BNY as Financial Agent to Support New Trump Accounts Program | U.S. Department of the Treasury
• Effects of Stablecoin Yield Prohibition on Bank Lending – The White House
• Post | LinkedIn
• Franklin Templeton Forms Dedicated Crypto Division With 250 Digital Acquisition - Unchained

Lee and Jimmie discuss crypto vaults, the Department of Labor's proposed rule to open 401(K)s to alternative assets, and Tether's pending audit.

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

📌 Hosts on X (formerly Twitter):

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

🔗 Related Links:

• sec-cftc-harmonization-initiative-written-input-veda-tech-labs-inc-032326.pdf
• US Department of Labor proposes landmark rule to democratize access to alternative investments in 401(k) plans | U.S. Department of Labor\
• Tether hires KPMG as auditor ahead of US expansion

Lee and Jimmie discuss a new BIS paper that explains why blockchains are structurally prone to fragmentation, a new mandate from the Ethereum Foundation, the ECB's new tokenization roadmap, a new crypto-backed GSE conforming mortgage product, and Larry Fink's annual letter to shareholders.

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

📌 Hosts on X (formerly Twitter):

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

🔗 Related Links:

• Tokenomics and blockchain fragmentation
• Ethereum news (ETH): Foundation publishes mandate defining its role, core principles
• ECB unveils tokenized finance roadmap as Europe pushes to reduce reliance on foreign infrastructure
• Better and Coinbase Launch the First Token-Backed, Conforming Mortgage
• Larry Fink's 2026 Chairman's Letter to Investors | BlackRock

Lee and Jimmie discuss the SEC's new token classification guidance, SEC approval of NASDAQ and DTC's tokenization pilot, institutional resistance to tokenization, and Mastercard's acquisition of BVNK.

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

📌 Hosts on X (formerly Twitter):

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

🔗 Related Links:

• SEC.gov | SEC Clarifies the Application of Federal Securities Laws to Crypto Assets
• https://www.linkedin.com/posts/leereiners_microsoft-word-statement-for-secs-crypto-activity-7440494310250172416-9BFG?utm_source=share&utm_medium=member_desktop&rcm=ACoAAAMoOsABNT6ceKXKNKUvhX8NBIOaRpdToQc
• SEC Approves Nasdaq Framework for Tokenized Securities Trading | Find Know Do
• Wall Street pushes tokenized stocks, but institutions aren't eager to trade them
• Mastercard to Acquire BVNK to Connect On-Chain Payments and Fiat Rails

Lee and Jimmie discuss new bank regulatory guidance on the capital treatment of tokenized securities, a new era of cooperation between the SEC and CFTC, a new Treasury report on illicit activity and crypto, the DoJ looking into Iran's use of Binance, and a new report co-authored by Lee that analyzes the anticompetitive impact of Trump's stablecoin – USD1.

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

📌 Hosts on X (formerly Twitter):

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

🔗 Related Links:

• Federal banking agencies issue guidance on capital treatment of tokenized securities | Davis Polk
• SEC.gov | SEC and CFTC Announce Historic Memorandum of Understanding Between Agencies
• Treasury tells Congress mixers have valid privacy uses, recommends 'hold law' for suspicious crypto | The Block
• Exclusive | DOJ Probes Iran's Use of Binance to Evade Sanctions - WSJ
• HOW POLITICAL INFLUENCE PROPELLED THE TRUMP FAMILY'S CRYPTO EMPIRE TO THE TOP AND DISRUPTED MARKETS

Lee and Jimmie discuss President Trump weighing in on the stablecoin yield debate, Kraken receiving a Federal Reserve master account, the OCC's final rule on trust bank chartering, Morgan Stanley applying for a national trust bank charter, and a pending token taxonomy proposal from the SEC.

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

📌 Hosts on X (formerly Twitter):

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

🔗 Related Links:

• Trump sides with crypto in battle with banks over stablecoin yield
• Kraken Becomes First Crypto Firm to Win Access to Fed's Core Payments System - WSJ
• BPI Statement on Kraken Master Account - Bank Policy Institute
• ICBA Raises Deep Concerns with Master Account Approval for Kraken Financial - ICBA.org
• Kraken Limited Purpose Master Account Access Statement | American Bankers Association
• ICBA Expresses Concerns with OCC National Trust Bank Chartering Final Rule - ICBA.org
• Morgan Stanley brings trust charter pursuit into the mainstream
• Crypto, Prediction Markets Move Closer to Formal Oversight With New US Proposals - Bloomberg

Lee and Jimmie discuss the OCC's proposed stablecoin rule, Meta's stablecoin plans, new data on stablecoin transactions, WisdomTree's 24/7 trading and instant settlement of a tokenized money market fund, and Coinbase offering stock trading.

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

📌 Hosts on X (formerly Twitter):

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

🔗 Related Links:

• OCC Lays Out Framework for Regulated Stablecoins Under GENIUS Act - Decrypt
• Mark Zuckerberg's Meta is planning stablecoin comeback in the second half amid U.S. regulatory shift
• Stablecoins in payments: What the raw transaction numbers miss | McKinsey
• WisdomTree To Launch 24/7 Trading and Instant Settlement for Tokenized Money Market Fund Shares
• ic-35968.pdf
• Coinbase partners with Yahoo Finance as it opens stock trading to all US users | The Block