This Week in Startups

Armstrong & Tether skip crypto hearings, Adele’s NFT resale solution + Startup Checklist E10 | E1342

Dec 10, 2021
Explore the intriguing dynamics of the crypto world as key figures like Brian Armstrong skip crucial hearings, sparking debates on regulatory clarity. Dive into Adele's innovative NFT solution to combat ticket scalping, aiming for fair access to concerts. Plus, discover ten crucial tips for startup founders from lean management practices to ensuring constant product engagement. Emphasizing structured communication and accountability could transform team dynamics and drive success!
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INSIGHT

Crypto Hearing Absences

  • Brian Armstrong's absence from the crypto hearing might be a strategic error, especially after criticizing the SEC.
  • Tether's absence is less surprising given their history of regulatory issues and fines.
INSIGHT

Crypto's Challenge to Finance

  • Crypto, particularly stablecoins, challenges traditional financial systems and the government's control over money.
  • This presents both potential benefits and drawbacks, depending on execution and regulation.
ADVICE

Regulating Stablecoins

  • Treat stablecoin issuers like banks, requiring insured deposits due to their currency-like function.
  • This approach would mitigate the risks associated with these "new currencies."
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