Lee and Jimmie discuss SEC Commissioner Hester Peirce’s recommendation for the SEC to join the UK’s ‘Blockchain Sandbox,’ President Biden’s veto of SAB 121 repeal, benefits and risks of EigenLayer and restaking, and PayPal’s recent moves to increase adoption of their PYUSD stablecoin.
Lee’s X: @leereiners
Jimmie’s X: @jimmie_lenz
Related Links:
US Should Join UK in ‘Blockchain Sandbox’ Free of Regulatory Meddling: https://decrypt.co/233170/blockchain-regulatory-sandbox-us-uk-hester-peirce-unikely
US lags in financial innovation. Regulatory sandboxes are the answer: https://www.americanbanker.com/opinion/us-lags-in-financial-innovation-regulatory-sandboxes-are-the-answer
U.S. President Biden Vetoes Resolution Overturning SEC Guidance: https://www.coindesk.com/policy/2024/05/31/us-president-biden-vetoes-resolution-overturning-sec-guidance/
EigenLayer raises the stakes for Ethereum: https://www.ft.com/content/2134fe55-731e-4f26-aec8-750493944fda
Ethereum’s powerful new ‘EigenLayer’ promises a wave of innovation. But is it a threat to the blockchain?: https://fortune.com/crypto/2024/05/24/eigenlayer-is-opening-new-doors-for-ethereum-so-why-does-it-feel-like-2008/
PayPal Adds PYUSD Stablecoin to Memecoin-Favorite Solana Blockchain: https://www.bloomberg.com/news/articles/2024-05-29/paypal-adds-pyusd-stablecoin-to-memecoin-favorite-solana-blockchain
PayPal's stablecoin gains allies to help position it for payments: https://www.americanbanker.com/payments/news/paypals-stablecoin-gains-allies-to-help-position-it-for-payments#:~:text=PayPal%27s%20stablecoin%20launched%20in%202023.&text=Like%20most%20forms%20of%20cryptocurrency,for%20payments%20has%20been%20limited.
