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On The Brink with Castle Island
Weekly Roundup 11/28/24 (OFAC loses vs Tornado, Cantor owns some Tether, More OCP2.0, Who we’re thankful for) (EP.578)
Nov 28, 2024
Thanksgiving takes center stage, with humorous tales of cooking mishaps and the joys of family gatherings. Legal developments shine with a court ruling overturning sanctions on Tornado Cash, setting a new precedent for decentralized finance. The future of crypto regulation is discussed, hinting at a potential shift from the SEC to the CFTC. Gratitude flows as notable players in the industry are acknowledged, while speculation about a Strategic Bitcoin Reserve stirs curiosity about its impact on government debt. The excitement of upcoming ventures in 2025 adds to the festive spirit.
33:53
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Quick takeaways
- The podcast discusses the implications of an appeals court ruling against OFAC's sanctions on Tornado Cash, highlighting growing scrutiny of regulatory practices in the crypto space.
- The hosts express gratitude for key figures in the crypto industry, emphasizing community resilience and support amid challenging regulatory environments.
Deep dives
The Fallout from Mortgage Investments
The episode highlights the significant fallout from bad mortgage investments, exemplified by the liquidation of Lehman Brothers, which employed 25,000 individuals. This crisis prompted the federal government to provide an $85 billion loan to American International Group (AIG) in an attempt to stabilize the financial landscape. The discussion emphasizes that the current market environment is unique and complex, citing the Federal Reserve's perceived inaction amid rising economic concerns. Additionally, the government intervened to support Fannie Mae and Freddie Mac, two mortgage giants deeply affected by the ongoing housing crisis.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode