Weekly Roundup 05/09/25 (GENIUS stalls, Coinbase buys Deribit, Bessent on stables) (EP.622)
On The Brink with Castle Island
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Cryptocurrency Dynamics: Legislation and Market Shifts
This chapter explores key developments in the cryptocurrency and blockchain sectors, including Sonic's $10 million funding raise and Coinbase's acquisition of Deribit. It also delves into the political challenges surrounding the Genius Act, stablecoin legislation, and the implications of regulatory changes on the banking sector. Finally, the chapter highlights ongoing controversies and innovations in the market, such as Robinhood's new platform and the Ethereum network upgrade.
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