On The Brink with Castle Island cover image

Weekly Roundup 08/11/23 (PayPal's stablecoin, the Fed's oversight program, Ryan Salame emerges) (EP.443)

On The Brink with Castle Island

CHAPTER

Ryan Salem's Private Jet and Six Restaurants in Lennox

Ryan Salem, the former co-CEO of FTX Digital Markets is reportedly in talks for a plea deal on a number of FTX related charges. He took a bunch of money from FTX and made political contributions, primarily to Republicans. It looks like this guy's got a private jet and six restaurants in Lennox. The core question is: Can we as a society accept a world where we have cash like products that are digitized?

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