Lee and Jimmie discuss the Senate stablecoin drama, new guidance from the OCC on crypto custody, Coinbase’s purchase of crypto options platform Deribit, a new Arizona law allowing the state to keep unclaimed crypto, and World Liberty Financial’s stablecoin being used to fund a $2bn investment in Binance. Plus a few riffs on the new Pope and the Vatican’s finances. Lee’s X: @leereiners Jimmie’s X: @jimmie_lenz Related Links: Crypto Bill Stalls in the Senate as Democrats Balk - The New York Times OCC Clarifies Bank Authority to Engage in Crypto-Asset Custody and Execution Services | OCC Coinbase to Acquire Deribit: Becoming the Most Comprehensive Global Crypto Derivatives Platform Arizona governor signs law for state to keep unclaimed crypto World Liberty’s USD1 Will Integrate With Tron; WLFI's Witkoff Teases More Partnerships The Vatican Financial Mess Pope Francis Couldn’t Fix - WSJ
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31:27
May 5th, 2025
Lee and Jimmie discuss “controversy” over Base’s memecoin, Coinbase offering BTC margin loans, the impact of stablecoins on the Treasury market, Paypal’s new stablecoin partnership with Coinbase, and Ripple’s unsolicited bid to buy Circle. Lee’s X: @leereiners Jimmie’s X: @jimmie_lenz Related Links: Coinbase distances Base from highly criticized memecoin that dumped $15M Crypto-Backed Loans Interoperability of Blockchain Systems and the Future of Payments - Liberty Street Economics TBACCharge2Q22025.pdf SEC Ditches PayPal's PYUSD Probe, Removing Key Regulatory Hurdle for Its Stablecoin Coinbase and PayPal to advance stablecoin payments Coinbase waives fees on PayPal’s stablecoin in crypto payments push | Reuters Ripple $4B-$5B bid to purchase Circle rejected — Report
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28:56
April 28th, 2025
Lee and Jimmie discuss President Trump’s meme coin dinner, DTCC’s amazing blockchain-based Great Collateral Experiment, some rumblings on Capitol Hill about combining stablecoin and market structure bills, and a new publicly traded company that will do nothing but buy bitcoin. Lee’s X: @leereiners Jimmie’s X: @jimmie_lenz Related Links: Trump Offers a Private Dinner to Top 220 Investors in His Memecoin - The New York Times DTCC Launches Innovative Digital Collateral Management Platform | DTCC Why America’s Biggest Crypto Company Is Trying to Stop a Pro-Crypto Bill From Passing - Decrypt Why Some Crypto Traders Want Congress to Slow Down on a Market Structure Bill Coinbase Faces 'Copycat' Securities Lawsuit in Oregon After Dodging Gensler's SEC - Decrypt Cantor to Start Crypto Firm Twenty One With Backing From Tether, SoftBank - Bloomberg
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35:05
April 21st, 2025
Lee and Jimmie discuss Kraken’s expansion into equities, a new SEC statement on crypto-related disclosures, a delay in Ethereum ETF staking decision, the demise of the IRS DeFi broker rule and the DoJ crypto enforcement unit, and a new BIS paper on tokenization. Lee’s X: @leereiners Jimmie’s X: @jimmie_lenz Related Links: Kraken expands beyond crypto: Announcing U.S.-listed stock and ETF trading - Kraken Blog Kraken Blog SEC.gov | Offerings and Registrations of Securities in the Crypto Asset Markets Notice of Designation of a Longer Period for Commission Action on a Proposed Rule Change to Amend the Grayscale Ethereum Trust ETF and Grayscale Ethereum Mini Trust ETF to Permit Staking of the Ether Held by the Trusts President Trump Signs Joint Resolution Striking Down IRS "Broker Rule" on Digital Assets | Find Know Do DOJ Refocuses Crypto Enforcement Strategy | Find Know Do Leveraging tokenisation for payments and financial transactions
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32:26
April 15th, 2025
Lee and Jimmie do a deep dive into Circle's Registration Statement for Proposed Initial Public Offering. Lee's X: @leereiners Jimmie's X: @jimmie_lenz Related Links: Circle's S-1: https://www.sec.gov/Archives/edgar/data/1876042/000119312525070481/d737521ds1.htm
The cryptocurrency industry moves quickly! Join Dr. Jimmie Lenz, the Director of Duke University's Master of Engineering program in Financial Technology, and Lee Reiners, lecturing fellow at Duke University and Duke Law, every Friday as they break down the latest developments in crypto. If you want to stay on top of crypto technology, business, and policy, this show is for you!
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