On The Brink with Castle Island

Weekly Roundup 05/24/24 (ETH ETF, FIT21 Act, Anti CBDC bill) (EP.530)

6 snips
May 24, 2024
This podcast episode covers the exciting approval of the ETH ETF by the SEC, the implications of the FIT21 act, and the passing of the anti-CBDC bill in the House. Additionally, they discuss significant political events like the SAB121 overturn and Marty Gruenberg's resignation, along with personal encounters with wildlife and recent blockchain investments.
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ANECDOTE

Raccoon Encounter

  • Matt Walsh encountered a raccoon on his porch, behaving strangely.
  • His children were frightened, thinking it was trying to enter their home.
INSIGHT

Crypto's Political Muscle

  • The crypto industry's political influence has grown significantly.
  • This is evident in Fair Shake becoming the third-largest PAC and targeting hostile politicians.
INSIGHT

Gruenberg's Impact

  • Marty Gruenberg's actions at the FDIC, including "choke point 2.0," harmed the crypto industry.
  • He pressured banks to avoid crypto companies, leading to many banks leaving the industry.
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