On The Brink with Castle Island

Weekly Roundup 08/11/23 (PayPal's stablecoin, the Fed's oversight program, Ryan Salame emerges) (EP.443)

Aug 11, 2023

50:37

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Episode notes

Introduction

3min

The SEC and the US Digital Asset Policy

4min

The State Trust Path to Becoming a Qualified Custodian

5min

The SEC's Role in the Blockchain Industry

3min

PayPal Stablecoin Announcement

2min

The Benefits of a PayPal Stablecoin

4min

Paxos's Stablecoin Launches on Ethereum

3min

The Cost of Doing Business With a Stablecoin

2min

The Fed's New Program to Oversee Crypto Activity at Federal Banks

2min

10.

The Fed's Anti-Corruption Policy

4min

11.

Ryan Salem's Private Jet and Six Restaurants in Lennox

2min

12.

The Feds Don't Think They Have a Rock Solid Case for Salem

2min

13.

Sam Bankman-Fried's Superseding Indictment

2min

14.

The Future of the Courtroom Industry

2min

15.

How to Deal With a Shoulder Injury

2min

16.

Paddle Is a Rapidly Growing Sport Around Here

2min

17.

Sam Bankman Fried's Father Is a Growth Fund Around His Father

2min

18.

The Future of Blockchains

2min

19.

The DCF Model for Valuing Crypto Assets

4min

20.

Portnoy's Take-Off of a Half Billion Dollar Asset

2min

Matt and Nic are back with more news and deals. In this episode:

Matt's op-ed in Coindesk
SAB121 is still bad
SEC scope creep
We investigate PayPal's stablecoin
Why would PayPal want to issue a stablecoin?
What does PYUSD mean for Operation Choke Point for 2.0?
Why PYUSD is being launched on Ethereum
Crypto as a flashpoint for state versus federal banking oversight
The Fed's new crypto oversight program
Banks still can't issue stablecoins in the US
Ryan Salame reemerges
What will become of Ryan Salame's restaurant empire?
SBF will indeed be prosecuted on campaign finance violations
SBF's trial will not be televised
LK-99 did NOT replicate

Content mentioned in this episode:

Matt in Coindesk, Congress, Not the SEC, Should Set U.S. Digital Asset Policy
Zach Wong, A comprehensive explanation of SAB 121 and how it prevents safe crypto custody

Sponsor notes:

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