Aug 31, 2023
Matt and Nic are back for another week of news and deals. In this episode:
- Tether is actually the most interventionist stablecoin when it comes to freezing
- Should we be bullish on PYUSD?
- Why stablecoin data shows meaningful utility for public blockchains
- Is the idea of a 'crypto generalist' dead?
- The meaning of the SEC's loss in court to Grayscale
- Why the SEC was 'arbitrary and capricious'
- The SEC's blunder over their approval of Futs ETFs
- The SEC's possible options
- Our guesses for how the SEC reacts to their loss
- The SEC delays other pending spot ETFs
- The SEC wins against Impact Theory
- Why the case against Impact Theory could implicate a lot of other NFT projects
- Uniswap wins a class action case
- What does the SEC's case against Binance being under seal mean?
Content mentioned:
- BH Digital, The Relentless Rise of Stablecoins
- WSJ, The SEC Strikes Out Again on Crypto With Grayscale
Sponsor notes:
- Coin Metrics STATE OF THE NETWORK — Coin Convergence: Piecing Together Common Ownership Patterns Across Major Stablecoins
- In Coin Metrics State of the Network Issue 222, we highlight trends in user behavior & common ownership across major stablecoins on Ethereum