On the mic
Summary
This episode of All Things Crypto opened with Dave @DCBK2LA talking about leaving California for the East Coast and an intro read by Voice G. The panel then discussed Logan Paul's defamation suit against Coffeezilla over Cryptozoo, along with Logan Paul's earlier lawsuits. ALEX DAMSKER @AlexDamsker explained Circle getting a license under the EU's MiCA framework to issue USDC and EURC, covering the FATF travel rule, the market cap gap between USDC and USDT, and whether USDC is comparable to a CBDC. The group also covered Hawaii exempting crypto firms from state money transmitter licensing, Roaring Kitty's Chewy stake, pump and dump schemes, and what counts as financial advice. The show ended with ALEX DAMSKER @AlexDamsker previewing a Friday 3PM Pacific space on the Supreme Court decision on agency interpretation of law, which Dave @DCBK2LA called "Chevron". All of this is discussion, not financial advice.
Chapters
The USDC vs USDT market cap gap, exchange delistings and questions about Tether's reservesMomentAt 0:32:53 on X
Preview of the Friday space on the Supreme Court decision on agency interpretationMomentAt 1:20:15 on X
Key quotes
“This is so huge for crypto. I really do see the volume exploding at some point. This is a powerful step forward”
NatNat0:38:59Share on X
“You never make a profit doing the same thing as everyone else.”
AALEX DAMSKER0:58:14Share on X
“Buying is half of a successful trade. The other half is sell.”
AALEX DAMSKER1:06:57Share on X
“But you gotta take profits, people. You gotta take that money off the table.”
AALEX DAMSKER1:13:28Share on X
“So talking about something generally is usually okay. Talking about something specifically for a person is usually not okay.”
AALEX DAMSKER1:17:08Share on X
Excerpts
Show opens, Dave talks about leaving California for the East Coast
- 0:03:25 Dave I'm set tonight. Yo. What's up, everybody? I'm feeling myself now. Go figure. Instead of going back to Cali, I'm actually leaving Cali in a few weeks to go back to the East Coast, but welcome, welcome, welcome to…
Voice G reads the show intro, the topic lineup and upcoming guests
- 0:05:44 Dave Wait. Wait. Junie, hold up. Yester... Last week, you did, Benny and miss Gecko, that... Just those two. I don't know from where, but now you just did an... A bunch of few randoms? Like, Ali... I mean, miss Gecko's here…
- 0:06:13 Dave Judy? Judy. Yeah. Gex, she's not patient. She's on the. You see this? What are you gonna do? Sorry, guys. Sorry. Sorry. But, hey, Junie's in the mood today. I can't help it. I can't help it. I can't help it. Nat Nat…
- 0:06:40 Dave She should've asked you about how the pedicure went and everything, but maybe she got enough info last week.
Moving plans, digital nomad life and the Dominican Republic
- 0:07:05 Dave Yeah. Well, I'm going back on... I'm flying out the 20... What did I say? The July 21. So I got about three weeks left in Cali for now. Yeah. I'm done with California, man. I'm done with California. And I guess we're…
- 0:07:43 NatNat Yes. You know, there's a YouTuber, him and his family, they used to live in New York City, and they moved to the Dominican Republic. Because in the Dominican Republic, you you live in pesos, which is... Like, $50 is…
- 0:09:14 Dave You see what goes on? This is what happens, Nat Nat. When you when you need the engagement, it's like, who you gonna take shots at? You're take shots at the guy at the top. It's like, see, John? It's okay, though. It's…
Logan Paul's defamation suit against Coffeezilla over Cryptozoo
- 0:09:56 Dave Alright. I get it. I get it. I get it. I get it. Alright. I'm glad she's doing alright, though. Well, let's jump in to kinda today's topics. I mean, we got some we got some really interesting ones. So if you guys…
- 0:13:05 Dave It's... Yeah. I mean, that's it. Nat Nat, where where are you on this?
- 0:13:31 NatNat Yes. Exactly. So like John said, sometimes it's best to discount your money and stay quiet because pride does indeed come before fall.
Logan Paul's earlier lawsuits: Cryptozoo, Dink Doink and Prime Hydration
- 0:14:36 Dave You... Bro. I mean, look. The mobile the mobile phone play... You leave you leave Iggy Abnish. Okay? She's still on my my short hopeful list of getting into a space. Love you, Iggy. No. But, check this out. You ready?…
- 0:16:02 Dave I mean, that's just three right there. Cryptozoo, Dink Doink. I mean, it's named Dink Doink. What kind of... Who's investing in this? Dink Doink and Prime Hydration. There's three right there in the last four, like, in…
- 0:16:41 Dave At least we have you awake this time, bro. I need I need you awake this one, right, and not rugged also because they were rubbing you... Like, Twitter was rubbing you last time, my boy.
Voice F gives an update on their on-chain sports betting platform
- 0:21:43 Dave Oh, million dollars? I want a million dollars, bro. Let's go. See, you go.
- 0:21:54 Dave Yeah. I love you, my brother. I love you, man. Save some for the end. We got we got... Like, this is a ninety minute show, bro. So, give us, like, a little more. And I think some of the stories that we're actually…
- 0:22:44 ALEX DAMSKER It just sucks because... Well, my my my phone stopped charging, which seems to keep happening. Right? Stupid stupid Apple iPhone. So every time now you have to get another phone, you have to get all the damn cords and…
Circle gets a MiCA license to issue USDC and EURC in Europe
- 0:23:36 Dave Good. Good. Good. Good. Good. You have perfect timing. So I wanted... We were just about to jump into the Circle story, from... I think it was over the weekend or maybe it was earlier... I I I forgot the date. Was in…
FATF, the travel rule and countries working together on financial crime
- 0:24:38 ALEX DAMSKER Sure. So Mick... It's MICA. And MICA is actually, the first major law that came out under these, that I think it's 2019, the FATF, the the financial... Oh my god. Financial action task force. I think that's what it's…
- 0:30:23 Dave Yeah. I was gonna say, so what... So the USD... So the USDC now being able to issue these stable... Like, to be able to issue stablecoins across Europe, I guess, what is... What kind of an effect does that have now?…
- 0:30:42 ALEX DAMSKER So it's it's actually... It's pretty huge for Circle. So Circle's always been number two, and it's it's pretty huge. It basically gives them the opportunity to be the number one stablecoin. It's going to allow them to…
The USDC vs USDT market cap gap, exchange delistings and questions about Tether's reserves
- 0:33:23 ALEX DAMSKER I mean... So here's the other thing is that now all of the exchanges, the primary exchanges, OKX, Uphold, and Bit... Bitstamp, and I think Binance went soft on this one, but the rest of them delisted the other the…
- 0:34:43 Dave So... And, Johnny, I'm coming to you in one second. I remember very clearly that Binance was literally saying to... Sending out notices to everybody saying, we are... Like, we will not honor USDC anymore. We are going…
- 0:35:52 NatNat And overall, though, correct me if I'm wrong, wouldn't this be huge for crypto? Because it's... Isn't stablecoin a gateway for, like, the crypto verse, so to speak?
Is USDC effectively a CBDC?
- 0:37:38 ALEX DAMSKER So the government... No government controls the USDC. So it's not the same technology. Either remember, it is on a chain, which is not the same as c... So CBDCs are not actually crypto at all, and and they are…
- 0:38:56 Dave minutes. Amazing. Appreciate the insight. Good stuff. Cool. Bye.
- 0:39:07 Dave Huge. I I pinned it to the top. Shout out, Bill, though. Thanks for the story, bro. Thanks for sending me the story. Essentially, like, it's effective immediately. As of July 1, Circle is now natively issuing both USDC…
Bitcoin layer two transaction speed and Stacks
- 0:40:58 Dave It's a good question, my boy. I've been asking this from the... Like, a lot of the stacks devs as well. We're trying to figure out what is, like, the the the TPS out here, for, like, stacks post Nakamoto, right, for…
Hawaii exempts crypto firms from state money transmitter licensing
- 0:42:11 Dave Yeah, bro. It's... It... Don't know, man. It's something... It's one of those mysteries for right now, but it's probably something that I... We... I mean, I need to actively stay on just to... You know? Obviously, I…
- 0:44:15 Dave Yeah. Johnny, anything? You want... You wanna weigh in on this?
- 0:46:02 Dave I mean, cal... Yeah. California is its own... I swear, it's in its own little world out here. Don't get me started, bro. But here's what it says also. Right? It says Hawaiian crypto firm, firm's exemption will bypass…
Roaring Kitty's Chewy stake and a recap of the SEC's GameStop report
- 0:48:18 Dave You're good, man. You're good. You're good. Where is she samurai? She's gonna kill me right now, but we're gonna talk about roaring kitty again, guys. Hold on one sec. Yeah. We're gonna talk about roaring kitty and the…
- 0:52:47 ALEX DAMSKER Okay. I just jumped back in. I just sent David a message saying I just got back. Alright. What what what was the question?
- 0:53:57 ALEX DAMSKER Yeah. So so, now he's coming back. Right? And I... As... I haven't heard anything from... I don't know that the investigation was formally closed. I just heard nothing from it. So presumably, it was closed. Right? But…
Pump and dumps, financial advice and taking profits
- 0:58:14 ALEX DAMSKER So that's not actually the most interesting case on things like Reddit. There was actually a case that the SEC brought against, like, seven companies, including one that it, like, is all over the place here, which is…
- 1:06:08 NatNat So So then what do we do then? If that's not enough, what do we do? We have, like... Is that a
- 1:13:28 ALEX DAMSKER Yeah. If they're pumping it in order to do that... Yeah. Yeah. Yeah. I mean, you can't do that. You can't, like, you know, it depends on their influencer status also. But, you know, if they're... You you can't you…
Preview of the Friday space on the Supreme Court decision on agency interpretation
- 1:20:15 Dave Let's go. Appreciate it, doc. Man, this is, we got we got ten minutes left in the, in the program. But, Alex, I did wanna touch on really quickly because, I mean, I I love it when you come in here. I do wanna talk…
- 1:30:04 ALEX DAMSKER Yeah. I mean, it's... Yeah. It's crazy if you think about it because they're they're saying, like, the courts are now interpreting the law, not the agencies. And it leaves open this question. This is the question that…
- 1:36:24 ALEX DAMSKER a judge because there's there's... Like, that's gonna be the big new job because I I can't even imagine because the, like, the, the agencies go through so much decision making all the time. I can't... I... Like, it's…
Short excerpts from the auto-generated transcript. Listen on X for the full show.