June 3rd, 2024

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.

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