Only fans blamed the banks for their decision to remove sexual conduct on friday august 20. Only fence founder tim a stokely addressed the theories around only fence policy change. Tim called out b n y malan, jb, morgan and u k bas metro bank by name as prior banking partners that made it hard for only fans to operate. He also noted there was some speculation around only fans making these changes because of master rules. And he said: "We screwed up a second paragraph here in the only fan suite"
In today's news show, Jason covers OnlyFans being back to business as usual (1:31), the stablecoin Circle cleaning up commercial paper from their USDC reserves (16:49), and does a break down of Warby Parker's S-1 as the company prepare to go public via direct listing (30:30).