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The Pomp Podcast

#1281 David Pakman | 2024 Outlook for Bitcoin Regulation and Web3

Dec 11, 2023
33:52
Snipd AI
David Pakman, Managing Partner at CoinFund, discusses the outlook for Bitcoin regulation and Web3 in 2024. Topics include market rallies, impact of regulation, OpenAI, Ethereum's durability, and the benefits of working with CoinFund.
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Podcast summary created with Snipd AI

Quick takeaways

  • The removal of bad actors in the crypto industry is seen as a sign of progress and readiness, creating a favorable environment for increased consumer usage and institutional participation.
  • The lack of regulatory clarity in the US pushes entrepreneurs to build in jurisdictions with more certainty, such as the UK and Far East, driving crypto's progress internationally.

Deep dives

Market Likes Cleansing of Bad Actors

The market has shown a positive response to the removal of bad or questionable actors in the crypto industry. This is evident in the chart that displays market rallies coinciding with the firing or departure of major crypto CEOs like Arthur Hayes, Sam Bankman-Fried, and CZ. The cleansing of bad actors is seen as a sign of progress and readiness in the crypto space, providing a favorable environment for increased consumer usage and institutional participation. However, concerns persist regarding Tether and the need for long-term clarity to remove uncertainty from the market.

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