Unchained

The Chopping Block: Polymarket CEO raided by FBI, Ethereum’s Beam Chain, and Trump’s Pro-Crypto Agenda feat. Vance Spencer - Ep. 738

12 snips
Nov 21, 2024
This week’s guest, Vance Spencer, co-founder of Framework Ventures, dives into the controversial Beam Chain proposal for Ethereum 3.0, promising quantum resistance and faster transactions. The team dissects the FBI's raid on Polymarket's CEO, raising questions on political biases affecting prediction markets. They also explore the implications of Trump’s pro-crypto agenda, including cabinet picks and a potential Bitcoin reserve, highlighting a pivotal moment for crypto regulation in the U.S. Tune in for insights on the evolving landscape!
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ANECDOTE

Polymarket FBI Raid

  • Polymarket founder Shayne Coplan's apartment was raided by the FBI after the election.
  • He tweeted "New phone, who dis?" after the raid, earning praise from the crypto community.
INSIGHT

Raid's Political Motivation

  • The FBI raid on Polymarket seems politically motivated, given Polymarket's existing CFTC settlement.
  • Subpoenas are the standard procedure; raids suggest a desire to intimidate or send a message.
ANECDOTE

DOGE and Dogecoin Pump

  • Trump's proposed Department of Government Efficiency (DOGE) aims to cut government spending.
  • This focus has fueled a Dogecoin rally, highlighting crypto's cultural impact.
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