Weekly Roundup 06/02/23 (Crypto-eurodollars, SBF's defense, debt ceiling debate) (EP.428)
On The Brink with Castle Island
The Texas Legislature Passes Pro Crypto Bills
There were red flags around Celsius, for sure. That was kind of one of the badly kept secrets that Celsius was doing some just completely crazy stuff. I don't even know if proof of reserves would have helped there because it was a lending type of operation. If they were doing their jobs, they should have been lending to like market making firms,. But anyway, that's the proof reserve bill in Texas that passed. The Texas legislature has also passed two other pro crypto bills, both folks are in mining. So three pro crypto bills in the legislative session this time. Really?
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