On The Brink with Castle Island
Weekly Roundup 07/18/24 (JD Vance VP nom, ETH ETF green light, Larry Fink evolves) (EP.546)
Jul 18, 2024
Nate Silver discusses JD Vance as Trump's VP nominee and the approval of Ethereum ETFs. They debate if crypto users should be single issue voters and explore Vance's proposed crypto platform. The episode covers topics from seed oils to stablecoins, Germany's Bitcoin sales, and Craig Wright's saga. They speculate on Jamie Dimon for Treasury Secretary and analyze the dynamics of Senate voting and whistleblower rewards.
49:16
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Podcast summary created with Snipd AI
Quick takeaways
- Larry Fink, CEO of BlackRock, endorses Bitcoin as a legitimate financial instrument and hedge against currency devaluation.
- SEC Commissioner Hester Perse hints at reevaluation of staking in Ethereum ETFs, paving the way for more efficient investment products.
Deep dives
SEC Awards Whistleblower $37 Million
The SEC awarded a whistleblower $37 million for their contribution to enforcement actions resulting in large fines. The whistleblower protection allows for 10-30% of the total assets seized as a reward. Speculation arises regarding the potential involvement of Sam Trebucco in the Alameda FTX incident. Possible settlements that could correspond to this reward range include Exilon, McKesson, Alliance Global Investors, and JP Morgan Securities.
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