Simply Bitcoin Coinbase JUST DESTROYED NEW Bill but NOT For The Reasons You Think...| EP 1419
Jan 15, 2026
Chris Sullivan, co-founder and portfolio manager at Hyperion Decimus, dives into the latest drama surrounding Coinbase and its withdrawal from critical crypto legislation. He discusses how ETFs reshaped Bitcoin's market dynamics and muddied price discovery. Sullivan highlights the evolution from a four-year cycle to liquidity regimes and the implications for Bitcoin's future. He also addresses macroeconomic risks and advocates for self-custody as a key principle in the crypto space. Tune in for fascinating insights on institutional influences in crypto!
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Coinbase Torpedoes The Bill
- Coinbase withdrew support for the Senate banking draft saying it would be worse than the status quo.
- Brian Armstrong argued "we'd rather have no bill than a bad bill," highlighting industry pushback against harmful compromises.
Clarity Act Was Frankensteined
- The Clarity Act was Frankenstein-ed with provisions favoring banks and bureaucracy over true regulatory clarity.
- Hosts argued those amendments would make things materially worse for crypto and self-custody rights.
Stablecoins Threaten Bank Friction
- Stablecoins threaten traditional banks by offering better yields and instant global settlement.
- That competitive pressure explains why banks and some politicians pushed amendments to restrict stablecoin features like rewards.
