Weekly Roundup 07/14/23 (Ripple gets a W, Machinsky arrested, PoR in federal legislation) (EP.438)
On The Brink with Castle Island
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The IRS's Use of Coin Market Cap to Price Crypto Assets
The Lummest Gillibrand crypto bill was reintroduced with some edits this week. But the part that I particularly liked was the very explicit mention of proof reserves. Proof reserve makes it impossible to conceal a long running insolvency because you have to prove on an ongoing periodic basis your access to those keys. It would be evidence of a self-regulatory procedure, which is industry-first and cryptinative, being adopted in Washington.
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