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