Lawyer (but probably not yours) • yogi • parent • crypto/payments nerd
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Was thinking today about how the future competitive landscape of stablecoins might look like present day credit cards. They all accomplish the same basic thing, but there are rewards and incentives for use and acceptance that will make some more appealing to certain target markets.
This warrants its own PSA. Next time you need a summary of a legal doc that’s in PDF (proposed bills, court documents, etc.) use NotebookLM. My experience has been far better than with ChatGPT, Harvey, or copilot.
Fannie and Freddie ordered to consider crypto assets to facilitate mortgage lending, but only if the assets are held with a US regulated exchange (not assets held in self custody). This is a step in the right direction, but the biggest winners from this will be the centralized / regulated FIs.
Maybe I’m wrong but, especially in a Loper Bright world, it’s hard to see how the SEC staff statement on meme coins does anything other than signal that the current SEC won’t bring enforcement actions for meme pumps.