Weekly Roundup 07/14/23 (Ripple gets a W, Machinsky arrested, PoR in federal legislation) (EP.438)
On The Brink with Castle Island
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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