Lee and Jimmie discuss Donald Trump’s meme coin dinner, Senate progress on the GENIUS Act, Coinbase potentially acquiring Circle, Coinbase’s data breach and SEC investigation into user numbers, and a new leader at the Blockchain Association.

Lee’s X: @leereiners

Jimmie’s X: @jimmie_lenz

Related Links:

Trump’s memecoin dinner ignites outrage in Washington: ‘It all has a stench’ - POLITICO

What to know about the GENIUS Act, a crypto regulation bill - ABC News

Circle pursues IPO—but sources say the company is also holding sales talks with Coinbase and Ripple | Fortune

Coinbase Says Bribed Workers Leaked Data to Hacker Seeking $20M in Ransom - Bloomberg

S.E.C. Investigating Whether Coinbase Misstated Its User Numbers - The New York Times

Blockchain Association taps crypto-savvy CFTC commissioner as new CEO before midterm clock runs out – DL News

Lee and Jimmie discuss the Senate stablecoin drama, new guidance from the OCC on crypto custody, Coinbase’s purchase of crypto options platform Deribit, a new Arizona law allowing the state to keep unclaimed crypto, and World Liberty Financial’s stablecoin being used to fund a $2bn investment in Binance. Plus a few riffs on the new Pope and the Vatican’s finances.

Lee’s X: @leereiners

Jimmie’s X: @jimmie_lenz

Related Links:

Crypto Bill Stalls in the Senate as Democrats Balk - The New York Times

OCC Clarifies Bank Authority to Engage in Crypto-Asset Custody and Execution Services | OCC

Coinbase to Acquire Deribit: Becoming the Most Comprehensive Global Crypto Derivatives Platform

Arizona governor signs law for state to keep unclaimed crypto

World Liberty’s USD1 Will Integrate With Tron; WLFI's Witkoff Teases More Partnerships

The Vatican Financial Mess Pope Francis Couldn’t Fix - WSJ

Lee and Jimmie discuss “controversy” over Base’s memecoin, Coinbase offering BTC margin loans, the impact of stablecoins on the Treasury market, Paypal’s new stablecoin partnership with Coinbase, and Ripple’s unsolicited bid to buy Circle.

Lee’s X: @leereiners

Jimmie’s X: @jimmie_lenz

Related Links:

Coinbase distances Base from highly criticized memecoin that dumped $15M

Crypto-Backed Loans

Interoperability of Blockchain Systems and the Future of Payments - Liberty Street Economics

TBACCharge2Q22025.pdf

SEC Ditches PayPal's PYUSD Probe, Removing Key Regulatory Hurdle for Its Stablecoin

Coinbase and PayPal to advance stablecoin payments

Coinbase waives fees on PayPal’s stablecoin in crypto payments push | Reuters

Ripple $4B-$5B bid to purchase Circle rejected — Report

Lee and Jimmie discuss President Trump’s meme coin dinner, DTCC’s amazing blockchain-based Great Collateral Experiment, some rumblings on Capitol Hill about combining stablecoin and market structure bills, and a new publicly traded company that will do nothing but buy bitcoin.

Lee’s X: @leereiners

Jimmie’s X: @jimmie_lenz

Related Links:

Trump Offers a Private Dinner to Top 220 Investors in His Memecoin - The New York Times

DTCC Launches Innovative Digital Collateral Management Platform | DTCC

Why America’s Biggest Crypto Company Is Trying to Stop a Pro-Crypto Bill From Passing - Decrypt

Why Some Crypto Traders Want Congress to Slow Down on a Market Structure Bill

Coinbase Faces 'Copycat' Securities Lawsuit in Oregon After Dodging Gensler's SEC - Decrypt

Cantor to Start Crypto Firm Twenty One With Backing From Tether, SoftBank - Bloomberg

Lee and Jimmie discuss Kraken’s expansion into equities, a new SEC statement on crypto-related disclosures, a delay in Ethereum ETF staking decision, the demise of the IRS DeFi broker rule and the DoJ crypto enforcement unit, and a new BIS paper on tokenization.

Lee’s X: @leereiners

Jimmie’s X: @jimmie_lenz

Related Links:

Kraken expands beyond crypto: Announcing U.S.-listed stock and ETF trading - Kraken Blog Kraken Blog

SEC.gov | Offerings and Registrations of Securities in the Crypto Asset Markets

Notice of Designation of a Longer Period for Commission Action on a Proposed Rule Change to Amend the Grayscale Ethereum Trust ETF and Grayscale Ethereum Mini Trust ETF to Permit Staking of the Ether Held by the Trusts

President Trump Signs Joint Resolution Striking Down IRS "Broker Rule" on Digital Assets | Find Know Do

DOJ Refocuses Crypto Enforcement Strategy | Find Know Do

Leveraging tokenisation for payments and financial transactions

Lee and Jimmie do a deep dive into Circle's Registration Statement for Proposed Initial Public Offering.

Lee's X: @leereiners

Jimmie's X: @jimmie_lenz

Related Links:

Circle's S-1: https://www.sec.gov/Archives/edgar/data/1876042/000119312525070481/d737521ds1.htm

Lee and Jimmie discuss the impact of tariffs on crypto’s price, crypto adoption in Brazil, GameStop’s Bitcoin gambit, a stablecoin bill in the House, Circle’s S-1, an update on the FBI’s fake token sting operation, Paul Atkins’ nomination hearing, and more crypto roundtables at the SEC.

Lee’s X: @leereiners

Jimmie’s X: @jimmie_lenz

Related Links:

Trump Tariffs Test Bitcoin's Supposed Digital Gold Status (BTC) - Bloomberg

42% of Brazilian Investors Have Bought Crypto, Survey Finds

https://www.theblock.co/post/348522/gamestop-hits-reset-with-bitcoin-bet-but-investors-arent-all-in

US House committee passes stablecoin-regulating STABLE Act

Circle Files for IPO as Stablecoin Issuer Shows Growing Revenue - Bloomberg

XRP outperforms market as Coinbase seeks CFTC approval for futures trading

US court fines UAE crypto firm CLS Global $428K for wash trading

SEC.gov | SEC Crypto Task Force to Host Four More Roundtables

https://www.theblock.co/post/348499/senators-grill-sec-nominee-paul-atkins-over-ftx-ties-agency-missteps-under-gensler

Lee and Jimmie discuss the Treasury Department delisting Tornado Cash from the sanctions list, a final resolution in SEC v. Ripple, a new tokenized deposit on Ethereum, World Liberty Financial’s plans for a stablecoin, and a new startup to bring crypto payments to the masses.

Lee’s X: @leereiners

Jimmie’s X: @jimmie_lenz

Related Links:

Tornado Cash Delisting | U.S. Department of the Treasury

Ripple to Get $75M of Court-Ordered Fine Back From SEC, Drops Cross-Appeal

Custodia and Vantage Bank partner for ‘first bank-issued stablecoin’

World Liberty Financial Plans to Launch USD1, the Institutional-Ready Stablecoin | by World Liberty Financial | Mar, 2025 | Medium

Crypto Meets Main Street: How SpacePay Brings Digital Currency to Local Businesses as Presale Hits $1M - InsideBitcoins.com

 Lee and Jimmie discuss Lee’s recent appearance at the SEC’s Crypto Task Force Roundtable, Fidelity’s new tokenized money market fund, new OCC guidance clarifying banks ability to engage in digital asset activity, new SEC statement on proof-of-work mining, and the President promoting $TRUMP on Truth Social.

Lee’s X: @leereiners

Jimmie’s X: @jimmie_lenz

Related Links

SEC.gov | How We Got Here and How We Get Out – Defining Security Status

SEC crypto roundtable begins work of regulatory overhaul

https://www.youtube.com/live/du4H9ED37Wo?si=s8hZJd62WWppXRpA

RWA News: Fidelity Files for Onchain U.S. Treasury Fund, Joining the Asset Tokenization Race

OCC Interpretive Letter 1183: Why an Obscure Agency Letter Matters More than the Bitcoin Strategic Reserve - Fireblocks

SEC.gov | Statement on Certain Proof-of-Work Mining Activities

Trump Memecoin News: TRUMP Token Pops 12% as the President Calls It 'The Greatest of Them All'

Lee and Jimmie discuss a new Strategic Bitcoin Reserve and Digital Asset Stockpile, the potential repeal of the DeFi tax reporting rule, Tether vs. Circle, and the SEC’s declaration that meme coins are not securities.

Lee's X: @leereiners

Jimmie's X: @jimmie_lenz

Related Links

Trump Faces Blowback Over Plans for Crypto Reserve - The New York Times

Senate Votes to Repeal Biden-Era Crypto Tax Rule - WSJ

https://www.wsj.com/finance/currencies/who-is-giancarlo-devasini-tether-jeremy-allaire-circle-90a408b9?mod=hp_lead_pos7

SEC.gov | Staff Statement on Meme Coins