cover of episode Weekly Roundup 05/17/24 (SAB121 repeal, Paul Ryan on stables, Bitcoin ETF 13Fs) (EP.528)

Weekly Roundup 05/17/24 (SAB121 repeal, Paul Ryan on stables, Bitcoin ETF 13Fs) (EP.528)

2024/5/17
logo of podcast On The Brink with Castle Island

On The Brink with Castle Island
AI Chapters Transcript
Chapters
The Senate voted to repeal SAB 121 with 60 votes. This is a significant development in crypto legislation, with some Democrats defying Biden's veto threat. The reasons for opposing the repeal are explored, suggesting either a desire to stifle the industry or protect unregulated competitors.
  • Senate voted 60-38 to repeal SAB 121
  • Some Democrats defied Biden's veto threat
  • Potential reasons for opposition: killing the industry or protecting unregulated competitors

Shownotes Transcript

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

  • The Senate votes to repeal SAB121
  • Which Democrats defied Biden on SAB121?
  • Chuck Schumer breaks with Warren
  • Paul Ryan’s pro-stablecoin comments on Bloomberg
  • CME is launching a spot crypto exchange
  • The State of Wisconsin owns over $100m of Bitcoin ETFs
  • Pump.fun) exploited
  • MEV exploiters arrested by the DoJ
  • What’s up with Roaring Kitty?

Content mentioned in this episode:

  • Matt Hougan, Who’s Buying Bitcoin ETFs (According to 13F Filings))
  • David Morris, What President Biden’s Crypto Politics Might Really Be About)
  • Rep Mike Flood and Wiley Nickel, It’s time to overturn SAB 121)

Sponsor notes:

  • Bitcoin’s Halving Aftermath)
  • In Coin Metrics' State of the Network issue 259, we analyze the impact of Runes and miner revenues in Bitcoin's post-halving landscape