Matt and Nic return for another week of news and deals. In this episode: 

• Is peak FUD in? • Is this the ‘custody rule rally’? • OTB is keeping the deals of the week • House is probing the connections between FTX and the SEC • SBF is banned from using a VPN • Is SBF a secret sports fan? • SBF’s bail cosigners are unmasked • SBF VC investors are hit with a class action lawsuit • SEC sends Paxos a Wells notice • Circle dispells Wells notice rumors • Is the SEC going after all stablecoins or just BUSD? • What does Reves say about stablecoins being securities? • Tether is the beneficiary of the crackdowns in the US • Can US regulators really go after Tether? • How Paypal deposits are like stablecoins • What’s in the SEC’s custody rules? • Changes to market structure if the SEC’s custody rules go through • Binance suggests that they are ready to settle up with US regulators