David Hoffmann

Joseph Shalom from the co-CEO of Sharplink says, this is further recognition of ETH as the pristine collateral bridging TradFi and DeFi.

So more legitimacy on that side.

You could also see this with Bitcoin.

U.S.

banks are now able to issue credit against Bitcoin.

Okay, so Bitcoin being used as a unit of debt.

is kind of important and interesting here.

This is Citi, JP Morgan, Wells Fargo, BNY Mellon, all of these, Michael Saylor said this, are now issuing credit against Bitcoin.

So it's not just the crypto companies doing this, this is major banks allowing you to take loans against your crypto money collateral.

Yeah, I know.

Sometimes we don't zoom out and reflect about how far we've come.

Last thing I want to tell you about on the regulatory front is the OCC.

So that's another three letter agency.

And do you remember this is the office office of the currency comptroller?

Yeah.

Comptroller is such a weird word.

Comptroller, like a super finance accountant guy.

Anyway, the OCC, they regulate a lot of things, including, I believe, the FDIC, or they're involved in the FDIC.

That's right.

They were one of the implementers of Operation Chokepoint, which is debanking a bunch of crypto companies and crypto investors.