Matt and Nic are back with more news and deals. In this episode: 

• Matt's op-ed in Coindesk
• SAB121 is still bad
• SEC scope creep
• We investigate PayPal's stablecoin 
• Why would PayPal want to issue a stablecoin? 
• What does PYUSD mean for Operation Choke Point for 2.0? 
• Why PYUSD is being launched on Ethereum
• Crypto as a flashpoint for state versus federal banking oversight
• The Fed's new crypto oversight program
• Banks still can't issue stablecoins in the US
• Ryan Salame reemerges
• What will become of Ryan Salame's restaurant empire? 
• SBF will indeed be prosecuted on campaign finance violations
• SBF's trial will not be televised
• LK-99 did NOT replicate

 

Content mentioned in this episode: 

• Matt in Coindesk, Congress, Not the SEC, Should Set U.S. Digital Asset Policy
• Zach Wong, A comprehensive explanation of SAB 121 and how it prevents safe crypto custody

Sponsor notes:

• Coin Metrics STATE OF THE NETWORK: DeFi’s Double Edged Sword - Unpacking the Features & Risks of DeFi Lending 
• In our new special insights report, we utilize a balance sheet like methodology to contextualize the health of DeFi lending protocols through the lens of two recent exploits on Aave and Curve Finance