The Breakdown The Five Most Important Stories in Crypto This Week
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Aug 9, 2025 This week, the hosts dive into significant shifts in U.S. crypto policy, discussing the SEC's groundbreaking guidance on liquid staking. Hester Peirce advocates for financial privacy in today’s digital world. The fallout from the Tornado Cash conviction raises critical questions about developer liabilities. Excitingly, recent executive orders now allow Bitcoin in retirement accounts, transforming investment landscapes. The conversation also touches on combating discrimination in banking and appointing a crypto-friendly Federal Reserve governor.
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Bullish Cooldown Describes Current Bitcoin Market
- Bitcoin's rise paused into a bullish cooldown after reaching $116,000.
- Scott and Nathaniel Whittemore say the pause reflects external factors, not a crash.
SEC Clears Path For Liquid Staking
- The SEC's guidance treats liquid staking as outside securities law, opening clearer paths for staking services.
- Nathaniel Whittemore says this likely paves the way for ETH ETF staking integrations.
Kraken Founder Asks For $30M Refund
- Jesse Powell joked "Can I get a $30 million refund?" after the SEC's liquid staking guidance.
- Scott reminded listeners Kraken paid a $30 million fine for staking-as-a-service under prior enforcement.