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

• Nic’s issues editing the show • Why Washington is attacking PoR  • Why Big 4 audit firms aren’t working on PoR  • The Financial Innovation and Technology in the 21st Century bill (FIT) passes out of committee in the House  • Six Democrats defect and support the bill • The Stablecoin bill reaches an impasse because the White House  • Why stablecoins being limited to the banks is a paradox  • The SEC settles with Quantstamp • SBF gets a gag order because he released Caroline Ellison’s diaries  • SBF did actually pay for his legal defense with stolen FTX customer money  • The UK gets embroiled in a banking scandal due to Nigel Farage  • We digest the room temperature ambient pressure superconductor news  • Nic’s pickleball injury

  Content mentioned: 

• Nic in Fortune, The crypto industry is embracing self regulation. It’s time Washington gets on board  
• Kathleen Breitman in Fortune, Ben McKenzie needs a hug: The ‘OC’ star’s crypto book is an ill-informed flop  

Sponsor notes: 

• Coin Metrics STATE OF THE NETWORK - From Orange Groves to Orange Gold  • In this special edition of State of the Network, we are excited to share a new report that translates the legal language of securities framework for digital assets into objective, measurable criteria from “on-chain” data