Matt and Nic are back with another week of news and deals. In this episode:

• We have a new Pope
• The etymology of ampersand
• The GENIUS act collapses spectacularly
• Coinbase consummates its acquisition of Deribit
• Did World Liberty Financial’s USD1 torpedo the GENIUS act?
• Did “pro crypto” democrats snake on the industry
• Scott Bessent thinks stablecoins could reach $2T
• The OCC says banks can provide crypto custody and execution
• Stripe is launching stablecoin financial accounts
• The SEC explores a sandbox for tokenized securities
• Tariff the L2s