Weekly Roundup 06/07/24 (Bitstamp acquired, Paxos launches USDL, Bitcoin miners and AI, Kraken IPO rumors) (EP.534)
On The Brink with Castle Island
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Controversy Surrounding SEC Rule and Various Crypto-Related Developments
The chapter delves into the backlash against an SEC rule affecting the crypto industry, with opposition from diverse groups like crypto advocates, banks, and politicians on both sides. It covers a range of topics including Biden administration's motives, setbacks faced by the SEC, FTX settling charges with the IRS, Bitcoin ETF inflows, and the launch of interest-bearing stablecoins like Paxos' USDL in the UAE.
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