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

• Tail risks with the Bitcoin ETF
• Are SBF’s parents off the hook?
• The FDIC is embroiled in scandal
• Should Marty Gruenberg step down?
• Tokenized bank deposits versus stablecoins
• What’s wrong with the third party doctrine
• SAB121 under pressure

Content mentioned in this episode:

• Fidelity Digital Assets, Understanding Proof of Work
• The WSJ, Strip Clubs, Lewd Photos and a Boozy Hotel: The Toxic Atmosphere at Bank Regulator FDIC
• Whip Emmer Letter to Treasury regarding Hamas crypto financing

Sponsor notes:

• Coin Metrics STATE OF THE NETWORK—November Rally Reaches New Corners of the Digital Asset Market
• In Coin Metrics State of the Network Issue 233, we delve into the primary beneficiaries of the recent market rally and explore diverse avenues channelling this momentum