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

• The problem with SEC SAB 121 • Pickleball is driving up American healthcare costs • Microstrategy buys some more Bitcoin • Fidelity refiles their Wise Origin Bitcoin ETF • Why the Prime Trust insolvency is so bad • Will there be Prime Trust clawbacks? • The SEC is slacking with their document retention policies • How stablecoins are mirroring the development of eurodollars • How Prometheum’s listing strategy might pose a risk to certain cryptoassets • The UK law commission determines that digital assets are a new kind of “thing”

Content mentioned in this episode:

• SEC Staff Bulletin 121 • Odd Lots, Josh Younger on the Surprising Origins of Eurodollars and Petrodollars • Laura Shin Podcast, Paradigm debates Prometheum • The UK Law Commission: Final Report on Digital Assets

Sponsor notes: 

• Coin Metrics’ State of the Network: Bitcoin & the Rest  • In this issue of State of the Network, we assess Bitcoin’s resurgence and gauge market sentiment amidst a rapidly evolving digital asset landscape marked by regulatory ambiguity and external macro events.