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Matt and Nic are back with another week of news and deals. In this episode:\\xa0

• Tail risks with the Bitcoin ETF
• Are SBF\\u2019s parents off the hook?
• The FDIC is embroiled in scandal
• Should Marty Gruenberg step down?
• Tokenized bank deposits versus stablecoins
• What\\u2019s wrong with the third party doctrine
• SAB121 under pressure

Content mentioned in this episode:

• Fidelity Digital Assets, Understanding Proof of Work
• The WSJ, Strip Clubs, Lewd Photos and a Boozy Hotel: The Toxic Atmosphere at Bank Regulator FDIC
• Whip Emmer Letter to Treasury regarding Hamas crypto financing

Sponsor notes:

• Coin Metrics STATE OF THE NETWORK\\u2014November Rally Reaches New Corners of the Digital Asset Market
• In Coin Metrics State of the Network Issue 233, we delve into the primary beneficiaries of the recent market rally and explore diverse avenues channelling this momentum