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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, co-founder of Multicoin Capital, and Nick Tomaino, founder of 1confirmation, dive into the intersection of crypto and politics ahead of the 2024 elections. They discuss the aftermath of the FTX scandal, questioning if investors should have seen the red flags. The guests ponder whether Trump’s potential impact on crypto could lead to legislative cronyism and explore the future of NFTs and the shifting landscape of investment motivations within the crypto realm. A lively debate on the evolution from speculation to sustainable economic empowerment ensues.
51:17
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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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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode