Weekly Roundup 07/04/24 (Chevron overturned, prediction markets, revisiting Silvergate) (EP.541)
On The Brink with Castle Island
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Recent Developments in the Crypto Industry and Supreme Court Decision Impacting Regulatory Environment
The chapter covers updates on funding rounds in the crypto industry and CoinDCX's acquisition of BitOasis. It also highlights a significant Supreme Court decision affecting the power of administrative agencies like the SCC and EPA, leading to a shift in power from the executive branch to Congress and potentially influencing the regulatory environment for cryptocurrencies. The discussion includes a critique by Elizabeth Warren on the ruling and its implications on legislative power, potential lawsuits arising from Chevron's actions, and recent developments in the cryptocurrency and stablecoin sectors.
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