Episode 444
📍 Federal Reserve Chairman Jerome Powell expressed concerns about "debanking" in the crypto industry, where banks are unwilling to serve crypto firms due to risk aversion and strict money-laundering rules.
📍 Powell also showed support for regulatory efforts around stablecoins, stating they "may have a big future" and emphasizing the need for a regulatory framework to ensure consumer protection.
📍 In a separate development, prominent Supreme Court attorney Thomas Goldstein had his bail revoked after prosecutors uncovered a trail of undisclosed cryptocurrency transactions, highlighting the challenges of tracking and regulating crypto activities.
📍 Meanwhile, Uniswap launched its Ethereum L2 Unichain, touting it as the "fastest chain in the industry" with low fees, cross-chain liquidity, and prioritized decentralization, marking a significant development in the DeFi space.
📍 Robinhood's Q4 report is expected to show a 440% quarterly jump in crypto trading revenue, which could help preview Coinbase's results, as analysts estimate Coinbase's retail volume to land north of $108 billion.
