Bankless ROLLUP: Coinbase Crashes DC | Gary Grilled By Congress | Vitalik Deepfakes
Sep 29, 2023
The podcast dives into the latest market trends, analyzing Bitcoin and Ethereum amidst regulatory hurdles. Gary Gensler’s fiery congressional testimony is a highlight, shedding light on the strained relationship between crypto advocates and regulation. There’s buzz about Pudgy Penguins making waves in Walmart stores, blending physical toys with NFTs. Deepfake technology's impact on crypto security is discussed, alongside innovative ideas for improving content authenticity. The need for clear regulations sparks urgent conversations about the future of crypto advocacy in Washington.
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Misinterpreting Ethereum's Growth
- JPMorgan claims Ethereum's post-Shanghai activity is disappointing due to declining network activity and TVL.
- This analysis is flawed, as Layer 2 TVL and activity are up significantly, indicating growth, not disappointment.
Gensler Grilled in Congress
- During a House Financial Services Committee hearing, Rep. Wagner questioned Gary Gensler's seemingly contradictory stances on blockchain technology.
- Rep. Torres used a Pokemon card analogy to challenge Gensler's view on tokenized assets as securities, highlighting the influence of "Crypto Twitter" logic.
Advocate for Crypto
- Crypto advocates, including Coinbase, organized "Stand with Crypto Day" on Capitol Hill to lobby for clearer crypto regulations.
- Call your congressman to advocate for crypto-friendly policies, using resources like standwithcrypto.org as a guide.