What if a “stable” coin wasn’t? Blake and David unpack Paxos’s accidental minting of $300 trillion in PayPal USD—and what it reveals about stablecoin “pegs.” They also dig into proposals to weaponize IRS Criminal Investigations, NASBA’s flawed CPA exam data, and small-business headaches from forced AI rollouts in QuickBooks. Plus: Ripple’s treasury move, whether AI can run a $1M solo firm, and smart guardrails for using AI without breaking your books.

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Chapters

(01:12) - Celebrating Spreadsheet Day
(04:40) - Remote Work and Flexibility in Accounting
(05:50) - Live Stream Interaction
(06:16) - Political Discussion: IRS Overhaul
(18:12) - NASBA Data Issues
(24:51) - AI in Accounting: QuickBooks and Docket
(41:28) - Upcoming Events and Conferences
(42:38) - Navigating Conferences: Tips and Challenges
(43:16) - The Future of Earmark: Audio Books and Discounts
(46:21) - Chicago Teachers Union Audit Controversy
(48:52) - Stablecoins and Cryptocurrency Concerns
(56:09) - AI and the Future of Accounting
(57:32) - The Talent Shortage in Accounting
(01:03:30) - The CPA Exam and the Future of the Profession
(01:16:48) - Government Shutdown and Its Impact
(01:18:48) - Closing Remarks and Listener Engagement

Show Notes

Trump Administration Plans IRS Overhaul to Target Left-Leaning Groups (Wall Street Journal)
https://www.foxbusiness.com/politics/trump-admin-plans-irs-overhaul-probe-left-leaning-groups-more-easily-wsj-reports

New CPA Success Index is DOA: NASBA's data behind the index no longer holds up
https://www.accountingtoday.com/opinion/cpa-success-index-is-doa-nasbas-data-behind-the-index-no-longer-holds-up

Docyt Launches Mission to Create the 'Million Dollar Accountant'
https://www.cpapracticeadvisor.com/2025/10/15/docyt-launches-mission-to-create-the-million-dollar-accountant/170851/

Ripple Acquires GTreasury for $1 Billion
https://www.gtreasury.com/news/ripple-acquires-gtreasury

Paxos Accidentally Mints $300 Trillion 'Excess' PayPal Stablecoin
https://www.pymnts.com/cryptocurrency/2025/paxos-accidentally-mints-300-trillion-excess-paypal-stablecoin/

Dozens of Arkansas cities still without state funds over missing audits
https://www.ktlo.com/2025/10/13/dozens-of-arkansas-cities-still-without-state-funds-over-missing-audits

Chicago Teachers Union members sue union bosses over missing financial reports
https://www.illinoispolicy.org/chicago-teachers-union-members-sue-union-bosses-over-missing-financial-reports/

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Transcripts

The full transcript for this episode is available by clicking on the Transcript tab at the top of this page

Alex Edelman

Where Everybody Knows Your Name with Ted Danson and Woody Harrelson (sometimes)

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