Rulemaking vs. legislation trade-offs

Matt and Nic are back after a week off. In this episode:

• The Clarity market structure bill markup is delayed for now
• Coinbase backs out of supporting Clarity
• The bank lobby is trying to torpedo Clarity
• Kontigo is accused of ignoring sanctions
• X changes its API to block InfoFi
• California's wealth tax has backfired already
• BitMine invests $200m into Mr Beast's company
• Why tokenized deposits aren't as interesting as stablecoins

Content mentioned in this episode:

• Jason Mikula, Kontigo: Y Combinator's Venezuelan Sanctions Evasion Startup