The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch cover image

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch

20VC Crypto Roundtable: How Will US Elections Impact Crypto? Why Will Trump Lean Into Crypto in 2024? Should FTX Investors Have Known About SBF? Will Opensea Ever Be Worth $13BN Again? Will NFTs Come Back with Kyle Samani and Nick Tomaino

Jan 8, 2024
Kyle Samani and Nick Tomaino discuss moving away from a shitcoin casino, the FTX controversy, the intersection of politics and crypto, and the future of NFTs. They explore the influence of US elections, speculate on Trump's involvement in crypto, and critique the flawed strategies pursued by regulators. The discussion also touches on Solana vs Ethereum, crypto purists and maximalists, and the missed signals in the SBF and FTX controversy.
51:17

Podcast summary created with Snipd AI

Quick takeaways

  • Political donations and regulatory decisions are interconnected in the crypto industry, highlighting the influence of crony capitalism.
  • Authenticity and signaling play crucial roles in distinguishing between genuine and copycat crypto projects.

Deep dives

Crony capitalism and its impact on crypto

The podcast discusses the influence of crony capitalism on the crypto industry, highlighting the connection between political donations and regulatory decisions. It explores the second largest donor to Joe Biden and the implications for the industry. The speaker suggests that the administrative state plays a significant role in shaping the regulatory environment, and expresses concerns about the power wielded by unelected bureaucrats. The potential impact of different presidential candidates on the crypto landscape is also discussed.

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