Lee and Jimmie discuss North Korea’s hack of Bybit, the SEC’s dismissal of its case against Coinbase, problems with how the US Marshals service handles crypto, BoA CEO announcing plans to issue a stablecoin, Charles Schwab’s new head of digital assets, and ESG investing in the UK.

Lee’s X: @jimmie_lenz

Jimmie’s X: @jimmie_lenz

Related Links

 https://www.chainalysis.com/blog/bybit-exchange-hack-february-2025-crypto-security-dprk/

 Why the SEC’s Dismissal of the Coinbase Case Is a Total Win for Crypto - Unchained

https://www.coindesk.com/policy/2025/02/20/u-s-marshals-service-managing-seized-assets-can-t-say-how-much-crypto-it-holds?utm_source=securitiesdocket.beehiiv.com&utm_medium=newsletter&utm_campaign=coinbase-says-sec-has-agreed-to-drop-lawsuit&_bhlid=fc0e31b40b0cec9fd28dbb0284ea385b377abf33

Bank of America to Launch USD-Pegged Crypto Stablecoin

Charles Schwab Creates Head of Digital Assets Role As Firm Positions To Offer Crypto Services: Report - The Daily Hodl

https://www.wsj.com/finance/currencies/coinbase-crypto-ownership-accounting-7c97b26a?st=CCMfwb&reflink=article_email_share

Lee and Jimmie discuss the SEC's new Cyber and Emerging Technologies Unit, the death of the SEC's dealer rule, the SEC's request for a delay in the Coinbase case, Argentina's president and meme coins, and Brian Quintenz's nomination to head the CFTC. 

Lee's X: @leereiners

Jimmie's X: @jimmie_lenz

Related Links

SEC.gov | SEC Announces Cyber and Emerging Technologies Unit to Protect Retail Investors

U.S. SEC Backs Off Crypto Dealer Fight, Continues Resetting Industry Approach

SEC Seeks Coinbase Appeal Delay Pending Crypto Regulatory Review

Argentina's President Milei denies crypto fraud allegations

Trump Picks Brian Quintenz to Be CFTC Chairman - WSJ

Lee and Jimmie recap Digital Assets at Duke 2025 before discussing the fate of Trump’s Crypto Council, an update in the SEC Twitter account hack, a pause in SEC v. Binance, and Governor Waller’s speech on stablecoins.

Lee’s X: @leereiners

Jimmie’s X: @jimmie_lenz

Related Links

Trump Is Having Second Thoughts About His Crypto Council - Unchained

Man Behind Fake SEC Bitcoin ETF Post Pleads Guilty - WSJ

SEC Stays Binance Case Amid Other Crypto Case Extensions - Law360

Speech by Governor Waller on stablecoins - Federal Reserve Board

Lee and Jimmie preview next week’s Digital Assets at Duke conference before talking about Larry Fink’s recent comments on tokenization, Appollo’s new tokenized private credit fund, and X partnering with Visa to offer in-app payments.

Lee’s X: @leereiners

Jimmie’s X: @jimmie_lenz

Related Links:

•  https://www.digitalassetsatduke.org/
• https://www.reuters.com/technology/kucoin-pleads-guilty-agrees-pay-nearly-300-million-us-crypto-case-2025-01-27/
• https://www.cnbc.com/video/2025/01/23/blackrock-ceo-larry-fink-i-want-the-sec-to-rapidly-approve-the-tokenization-of-bonds-and-stocks.html#:~:text=Squawk%20Box-,BlackRock%20CEO%20Larry%20Fink%3A%20I%20want%20the%20SEC%20to%20rapidly,in%20corporate%20America%2C%20and%20more
• https://www.coindesk.com/business/2025/01/30/apollo-unveils-tokenized-private-credit-fund-as-blockchain-deepens-tradfi-links
• https://apnews.com/article/elon-musk-x-money-visa-payments-ed4538e0be2deb5fb5767ffb39ba25f3

Lee and Jimmie discuss President Trump’s digital assets executive order, the SEC’s new crypto task force and rescission of SAB 121, Trump’s new memecoin, and Ethereum’s marketing problem.

Lee’s X: @leereiners

Jimmie’s X: @jimmie_lenz

Related Links:

Home - Duke Digital Assets Conference

Strengthening American Leadership in Digital Financial Technology – The White House

SEC.gov | SEC Crypto 2.0: Acting Chairman Uyeda Announces Formation of New Crypto Task Force

SEC Withdraws Controversial Crypto Tax Accounting Bulletin

$TRUMP Is Already Worth Billions. What to Know About the Meme Coin. - WSJ

Crypto Startup Markets Ethereum to Wall Street as Token Lags Bitcoin - Bloomberg

Lee and Jimmie discuss Acting Comptroller Hsu’s outgoing warning on crypto, an OECD report on tokenization, pensions funds diving into crypto, the Third Circuit’s rebuke of the SEC for failing to explain itself, and the role of AI agents in crypto.

Lee’s X: @leereiners

Jimmie’s X: @jimmie_lenz

Related Links

• BankThink: National banks must continue exercising caution with cryptocurrencies
• Pension funds dabble in crypto after massive bitcoin rally
• U.S. Judges Demand SEC 'Explain Itself' for Rebuffing Coinbase Call for Crypto Rules
• Tokenisation of assets and distributed ledger technologies in financial markets | OECD
• AI Agents Can Play Vital Role in Crypto Ecosystem: Franklin Templeton Report – Technology Bitcoin News

Lee and Jimmie preview the upcoming Digital Assets at Duke conference before discussing “Operation Chokepoint 2.0,” Coinbase’s request for interlocutory appeal being granted, non-crypto companies investing in crypto, and a BTC investor in jail for refusing to turn over his BTC to the IRS.

Lee’s X: @leereiners

Jimmie’s X: jimmie_lenz

Related Links

 US regulator warned banks on crypto but did not order halt to business | Reuters

Coinbase (COIN) Granted Significant Advance in Court Dispute With Gensler's SEC

Bitcoin Is Luring More Companies and Their Cash - The New York Times

Bitcoin Investor Ordered to Reveal Access Codes to $124 Million - Bloomberg

Lee and Jimmie reflect on President Carter’s legacy, Lee’s op-ed in the WSJ calling for a merger of the SEC and CFTC, Wall Street’s growing interest in tokenization, MiCA’s impact on Tether and opportunities for new stablecoin issuers, and the IRS’ new DeFi broker rule.

Lee’s X: @leereiners

Jimmie’s X: @jimmie_lenz

Related Links:

• Two Agencies That Should Become One - WSJ
• What Is Tokenization? Wall Street's Latest Favorite Crypto Buzzword - Bloomberg
• Banks Want In on Tether’s Billions in Stablecoin Profits - Bloomberg
• USDT Slides by Most Since FTX Crash on MiCA, Raises Concern of Wider Crypto Slump
• https://coingeek.com/irs-issues-new-digital-asset-tax-rules-industry-groups-sue/
• IRS issues new digital asset tax rules; industry groups sue
• Home - Duke Digital Assets Conference

Lee and Jimmie discuss the appointment of Bo Hines to lead President Trump’s “crypto council,” the blowback against Blackrock for suggesting that BTC’s supply could change, the growing problem of trading addiction, the perils of companies investing in crypto, and the threat of quantum computing to crypto’s security. They also discuss America’s declining literacy rates and the joys of reading and writing.

Lee’s X: @leereiners

Jimmie’s X: @jimmie_lenz

Related Links:

Trump appoints former college football player, GOP House nominee Bo Hines to head crypto council | The Block

BlackRock's New Bitcoin Video Slammed For Suggesting BTC Supply Might Change

More Men Are Addicted to the ‘Crack Cocaine’ of the Stock Market - WSJ

The Investing Cult Fueling MicroStrategy’s Ascent: ‘Have Fun Staying Poor’ - WSJ

Microsoft Just Made a Momentous Decision About Bitcoin That Could Dramatically Affect Your Ability to Become a Crypto Millionaire | The Motley Fool

A Looming Threat to Bitcoin: The Risk of a Quantum Hack - WSJ

Prometheum Secures $20 Million in Funding to Cap Landmark Year of Growth | Business Wire

Are we becoming a post-literate society?

Lee and Jimmie discuss the Senate’s scrapped vote to renominate Caroline Cresnshaw, research from the OFR examining the link between crypto exposure and household debt, El Salvador scrapping some crypto priorities as part of new IMF funding package, and a legal dispute between Coinbase & Justin Sun over wrapped BTC.

Lee's X: @leereiners

Jimmie's X: @jimmielenz

Related Links:

Senate scraps vote to renominate SEC's Crenshaw following crypto backlash | Fox Business

https://www.financialresearch.gov/briefs/files/OFRBrief-24-08-crypto-exposure-and-household-financial-outcomes.pdf

El Salvador to Shut or Sell Chivo Crypto Wallet as Part of $3.5B IMF Deal

Coinbase To Delist WBTC After Judge Gives Thumbs Up – Legal Bitcoin News