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The MEV Construct and the Landing With Institutional Investors
In the US, there is no institutional investment. The SEC is hostile to the space and has proposed rules specifically around the custody of digital assets that make it impossible for a bank with retail customers to offer crypto projects. It's really regulatory uncertainty right now. And until we get that clarity, there ain't no banks that are going to be buying ETH anytime soon. Jake Wallis: I'm quite focused on Bitcoin adoption as legal tender, Bitcoin as a reserve asset. We have done a lot of research on what are the types of countries that might adopt Bitcoin under those circumstances. Then we ask ourselves, well, what about Ethereum? Why wouldn't they adoptETH?Wallis: But this