May 9th, 2025

Lee and Jimmie discuss the Senate stablecoin drama, new guidance from the OCC on crypto custody, Coinbase's purchase of crypto options platform Deribit, a new Arizona law allowing the state to keep unclaimed crypto, and World Liberty Financial's stablecoin being used to fund a $2bn investment in Binance. Plus a few riffs on the new Pope and the Vatican's finances. Lee's X: @leereiners Jimmie's X: @jimmie_lenz Related Links: Crypto Bill Stalls in the Senate as Democrats Balk - The New York Times OCC Clarifies Bank Authority to Engage in Crypto-Asset Custody and Execution Services | OCC Coinbase to Acquire Deribit: Becoming the Most Comprehensive Global Crypto Derivatives Platform Arizona governor signs law for state to keep unclaimed crypto World Liberty's USD1 Will Integrate With Tron; WLFI's Witkoff Teases More Partnerships The Vatican Financial Mess Pope Francis Couldn't Fix - WSJ

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