Matt and Nic are back with another week of news and deals. In this episode:
- Nic's issues editing the show
- Why Washington is attacking PoR
- Why Big 4 audit firms aren't working on PoR
- The Financial Innovation and Technology in the 21st Century bill (FIT) passes out of committee in the House
- Six Democrats defect and support the bill
- The Stablecoin bill reaches an impasse because the White House
- Why stablecoins being limited to the banks is a paradox
- The SEC settles with Quantstamp
- SBF gets a gag order because he released Caroline Ellison's diaries
- SBF did actually pay for his legal defense with stolen FTX customer money
- The UK gets embroiled in a banking scandal due to Nigel Farage
- We digest the room temperature ambient pressure superconductor news
- Nic's pickleball injury
Content mentioned:
- Nic in Fortune, The crypto industry is embracing self regulation. It’s time Washington gets on board
- Kathleen Breitman in Fortune, Ben McKenzie needs a hug: The ‘OC’ star’s crypto book is an ill-informed flop
Sponsor notes:
- Coin Metrics STATE OF THE NETWORK - From Orange Groves to Orange Gold
- In this special edition of State of the Network, we are excited to share a new report that translates the legal language of securities framework for digital assets into objective, measurable criteria from “on-chain” data
