Show Notes
Lee and Jimmie discuss a new Senate compromise on stablecoin rewards, the debate around whether stablecoin issuers should unilaterally freeze wallets tied to illicit activities, an SEC staff statement exempting DeFi front-ends from broker-dealer registration, and the myriad issues surrounding event contracts and prediction markets. 📺 Watch on YouTube: Coffee & Crypto With Lee & Jimmie 📌 Hosts on X (formerly Twitter): • Lee Reiners → @leereiners • Jimmie Lenz → @jimmie_lenz 🔗 Related Links: Clarity Act text lets crypto firms offer stablecoin rewards while shielding bank yield Circle won't freeze stolen crypto. Tether will. Now what? | American Banker SEC Staff Exempt Certain Crypto Wallet Interfaces From Broker-Dealer Registration Requirements - Unchained Senate Bans Prediction Markets for Its Members and Staff - The New York Times Why Almost Everyone Loses—Except a Few Sharks—on Prediction Markets - WSJ
More from Coffee & Crypto with Lee & Jimmie
Lee and Jimmie discuss former Trump administration crypto czar Bo Hines, whose company received millions from Tether while he was negotiating the GENIUS Act; the new tokenized stock trading joint venture between OKX and ICE; why some companies are opting out of having their shares tokenized; JPMorgan launching tokenized deposits on Ethereum; and Binance.US seeking to raise $100 million. 📺 Watch on YouTube: Coffee & Crypto With Lee & Jimmie 📌 Hosts on X (formerly Twitter): • Lee Reiners: @leereiners • Jimmie Lenz: @jimmie_lenz 🔗 Related Links: • He Crafted a Crypto Law for Trump, as His Company Got Millions From a Crypto Giant (WSJ) • OKX Joint Venture Files With SEC to Launch Tokenized Trading Platform (Reuters) • From Verizon to UnitedHealth, Corporate America Is Balking at "Tokenized" Stocks (WSJ) • JPMorgan Brings Deposit Token JPM Coin to Ethereum for Institutional Clients (Bloomberg) • Binance.US Seeks $100 Million to Expand Its Crypto Business (Bloomberg)
Lee and Jimmie discuss the ICBA's lawsuit against the OCC over trust company charters, the CFTC's new proposal to regulate crypto exchanges, and BlackRock's new tokenized fund offerings courtesy of Ondo. 📺 Watch on YouTube: Coffee & Crypto With Lee & Jimmie 📌 Hosts on X (formerly Twitter): - Lee Reiners → @leereiners - Jimmie Lenz → @jimmie_lenz 🔗 Related Links: - Community Bankers Sue Federal Bank Regulator to Overturn Crypto Trust Charter Rule (Unchained) - CFTC Seeks Comment on First Crypto Rules for Leveraged Trading, Leaving Spot Markets Out (Unchained) - BlackRock Investment Portfolios Debut on the Blockchain as Digital Tokens (WSJ)
Lee and Jimmie discuss the pending departures of SEC Commissioner Hester Peirce and Blockchain Association President Summer Mersinger, the potential for AI agents to trigger bank runs, and a new Blackrock paper on the intersection of AI and blockchain
Lee and Jimmie discuss all the post-Clarity finger pointing, the concept of "onchain finance", the SEC's new "Innovation Exemption" for tokenized stocks, and Circle's new strategic partnership with Binance.
Lee and Jimmie discuss CLARITY's demise, the SEC's new transfer agent proposal and no action relief for tokenized money market fund custody, a dispute between AMC and Robinhood over tokenized stock, and the banking regulators warning shot to community bank core service providers.