Discover more from Unchained
This Week on Unchained: Grayscale's Victory, SEC's Aggressiveness, DeFi Oracles, and More!
Don't miss this week's content!
This week’s emphatic ruling in favor of Grayscale in its suit against the SEC to convert its massive bitcoin trust into an ETF generated plenty of hopium among the bitcoin faithful that a spot bitcoin ETF will get approved soon and open a flood of investment in bitcoin. What are the odds of that truly happening now, though, and if it did, how much additional money could wind up being invested in bitcoin as a result?
Also, which companies’ applications would get approved first and how would the various products compete with one other? Bloomberg’s senior ETF analyst Eric Balchunas separates the hype from the reality in answering these questions and more.
This week, the gang goes in depth with Coinbase chief legal officer Paul Grewal to discuss Grayscale’s win in its court case against the SEC, Coinbase’s ongoing dust-up with the SEC, the onerous new crypto reporting regulations proposed by the U.S. Treasury, and the unsettling legal arguments behind the government crackdown on Tornado Cash.
Oracles are all about bringing important data (mostly asset prices) onto the blockchain. As such, they’re a key part of decentralized finance. But oracle provider Pyth sees room for improvement as it relates to being more real-time than crypto incumbents like Chainlink. Mike Cahill, the CEO of a brand new Pyth-linked firm called Douro Labs, joins the show to explain the opportunity he sees in building better oracles.
In Case You Missed It 👀
The SEC has delayed its decision on whether to approve or deny spot Bitcoin ETFs from all existing applicants, including BlackRock and Fidelity.
The court of appeals ruled that the SEC’s denial of Grayscale’s proposal was “arbitrary and capricious.”
A former SEC official believes that the court documents introduced “under seal” could contain information about a criminal investigation or prosecution from the DOJ.
The company is finalizing a restructuring agreement that would either result in a sale of Genesis or turn over its equity to creditors.
🤓 Learn With Unchained
⛓ Join Unchained Premium to get access to:
Behind-the-scenes interviews, in which Laura talks with crypto experts and entrepreneurs to learn all about the latest developments in the industry.
A subscriber-only chat group, where you can talk with the other members of the Unchained community, build a network in crypto, and talk directly with Laura and the Unchained team!
Transcripts of all the shows, for subscribers only.
👯♀️ Refer Unchained and earn a Premium subscription!
If You Like What You Read:
and/or 📚 buy Laura’s book, The Cryptopians: Idealism, Greed, Lies, and the Making of the First Big Cryptocurrency Craze