Bankless ROLLUP: Bitcoin on the US Balance Sheet? | Trump's US Crypto Stockpile | Banks Can Now Custody Crypto | Venice AI's Massive Airdrop
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Jan 31, 2025 
Haseeb Qureshi, a co-host and crypto analyst, dives into transformative shifts in U.S. crypto policy, including Trump's executive order establishing a digital asset working group. They discuss the SEC's revocation of SAB121, enabling banks to custody crypto. The conversation also highlights Venice AI's token launch amid skepticism about its decentralization claims. Plus, they explore NVIDIA's market plunge and its ramifications for AI development, examining how these trends intertwine with the evolving landscape of cryptocurrency regulations.
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Open-Source AI Disruption
- Open-source AI models like DeepSeek R1 are rapidly catching up to closed models like GPT.
- This deflationary trend benefits consumers and democratizes AI technology.
Subdued Crypto Market
- Despite Bitcoin's high price, the overall crypto market sentiment is subdued.
- Many altcoins have been declining since 2021, creating a negative vibe.
Trump's Crypto Order: A Delay Tactic
- Trump's crypto executive order created committees but lacks concrete actions.
- This 'kick the can' approach defers decisions, disappointing the market.