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Some major things coming up in crypto in DC this week, including ETH Spot ETF decisions, FIT21 Act voting, and a question if Biden will veto the SAB121 repeal.
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A reading and discussion based on https://blockworks.co/news/senate-gensler-sec-overturn-sab-121
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By a vote of 60-38, the Senate has voted to repeal SAB121. The decision is in direct defiance of the Biden White House, who pledged to veto the bill if it passed. The decision has changed the landscape of crypto politics.
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The US Department of Justice is getting significantly more sophisticated in its crypto criminal prosecution, as witness by the recent arrest in an MEV-related case.
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Alexey Pertsev has been convicted of money laundering charges in the Netherlands, with the judge explicitly saying that his writing code for Tornado Cash made him culpable. NLW discusses the community's reactions.
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Roaring Kitty aka Deep F***ing Value aka Keith Gill has reemerged and with him has come memestock mania. NLW digs in, plus looks at DC's increasing pushback against the Anti-Crypto Army.
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Last week former President Trump came out as the pro-crypto candidate. The move has not only put crypto on the national political stage, but generated significant conversation about the rationale of being a single-issue voter.
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On this week's Long Reads Sunday, NLW (with the help of AI) reads Nic Carter's epic latest piece "Five Perspectives on Stablecoins" https://medium.com/@nic__carter/five-perspectives-on-stablecoins-5bc20076270a
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On this edition of The Friday Five with Scott Melker, NLW discusses why this week was the week that truly entered the political mainstage.
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Former President Trump held an event at Mar-a-lago for Trump NFT holders that served as a coming out party for his courting the crypto vote. NLW explores the Democrats self-inflicted wound -- along with why some Congressional Dems are still fighting.
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