Reflections on Commitment and Community in Crypto

Memecoin mania spiraled out of control this week, with shocking livestream rug pulls and Pump.fun disabling its livestream feature due to disturbing behavior. Meanwhile, Base and Farcaster hit record TPS and inflows as memecoin trading heats up.

In Washington, Trump nominated pro-crypto Scott Bessent as Treasury Secretary. What does this mean for crypto policy? Plus, a surprising investor joins Trump’s World Liberty Financial raise—we’ll reveal who.

And a major court victory for crypto privacy: judges ruled OFAC overstepped in the Tornado Cash case, declaring immutable smart contracts unsanctionable. Does this mean Tornado Cash is back?

------ 📣UNISWAP https://bankless.cc/Uniswap-Bug-Bounty 

------ BANKLESS SPONSOR TOOLS:

🐙KRAKEN | MOST-TRUSTED CRYPTO EXCHANGE https://k.xyz/bankless-pod-q2    ⁠

🦄UNISWAP | BROWSER EXTENSION https://bankless.cc/uniswap 

🪄MAGIC EDEN | HOME OF WEB3 https://bankless.cc/MagicEden 

🛞MANTLE | MODULAR LAYER 2 NETWORK https://bankless.cc/Mantle

🤖dYdX | UNLIMITED LAUNCHING SOON https://bankless.cc/dYdXUnlimited  

🗣️TOKU | CRYPTO EMPLOYMENT  https://bankless.cc/toku   ------ ✨ Mint the episode on Zora ✨ https://zora.co/collect/zora:0x0c294913a7596b427add7dcbd6d7bbfc7338d53f/104?referrer=0x077Fe9e96Aa9b20Bd36F1C6290f54F8717C5674E 

------ TIMESTAMPS & RESOURCES

0:00 Intro

7:12 Markets https://x.com/DegenerateNews/status/1859978611606102494   https://x.com/JacobKinge/status/1859979524487909769  https://x.com/saylor/status/1861033309934862601  https://www.theblock.co/post/328025/microstrategy-4-per-cent-of-bitcoin-bernstein-price-target-600-usd  https://x.com/Galois_Capital/status/1861299857975046261  https://farside.co.uk/?p=1518  https://imgur.com/pUSaAQ2  https://l2beat.com/scaling/tvl  https://x.com/HHorsley/status/1860397442547790105 

26:00 Pump.fun suspends livestream feature https://www.bloomberg.com/news/newsletters/2024-11-26/pump-fun-s-streams-show-the-dark-side-of-memecoin-trading  https://x.com/crypto_bitlord7/status/1860989408092258441   https://x.com/_kaitoai/status/1860969504798302691  https://x.com/pumpdotfun/status/1861138234580869128  https://x.com/ChainLinkGod/status/1861091091585409400  https://x.com/moo9000/status/1860980423716659462 

34:15 Base And Farcaster AI Agent meta heating up  https://x.com/phantom/status/1861108202022318470      https://x.com/qiqileyuan/status/1861650662590947411  https://x.com/cryptotesters/status/1861216310631506364  https://x.com/jessepollak/status/1861434379270308195  https://x.com/dwr/status/1861595910498631928  https://x.com/TrustlessState/status/1861422824029647241  https://x.com/anoncast_   https://x.com/TrustlessState/status/1860806662962954526  https://warpcast.com/superanon/0x5c38e09ce41560f3a469946c8e08bcf463f31469  https://anoncast.org/anonfun  https://x.com/ChazSchmidt/status/1861539655620919497  https://x.com/TrustlessState/status/1861041911542223294  https://warpcast.com/cherdougie/0x2c3ba9646bc37de213953294076b1250acf8635b  https://x.com/search?q=%24blonde&src=cashtag_click  https://x.com/ayyyeandy/status/1861683577722909062  https://www.coingecko.com/en/coins/aixbt-by-virtuals  https://app.virtuals.io/ 

48:00 Bankless disclosures https://www.bankless.com/disclosures   https://x.com/iamdcinvestor/status/1861028893408317863 

53:06 Big victory in Tornado Cash case as judge says OFAC exceeded authority https://x.com/BillHughesDC/status/1861545321450336342  https://x.com/valkenburgh/status/1861565828270846048  https://x.com/brian_armstrong/status/1861566807225532470  https://x.com/rstormsf/status/1861575644796330392  https://juicebox.money/@defend-roman-storm 

1:00:01 US court struck down SEC broker-dealer rule  https://x.com/BlockchainAssn/status/1859657449856463077  https://x.com/NateGeraci/status/1859678807600529892  https://truthsocial.com/@realDonaldTrump/posts/113529294640959784  https://x.com/jchervinsky/status/1861430542668886408 

1:05:53 Trump Media files a trademark for “TruthFi” https://x.com/JoshGerben/status/1859689670986408392 

1:07:10 Tron became the largest investor into World Liberty Finance https://x.com/justinsuntron/status/1861121947372773545  https://x.com/SplitCapital/status/1861794875668136104  https://x.com/Caitlyn_Jenner/status/1861123142439313714 

1:11:37 Bankless has its biggest Black Friday offer ever!  https://www.bankless.com/join 

1:13:04 Top signals? https://x.com/HalieyWelchX/status/1861470493280206907  https://x.com/RyanSAdams/status/1861053012573057285 

1:17:15 Closing & Disclaimers

------ Not financial or tax advice. See our investment disclosures here: https://www.bankless.com/disclosures⁠