Bits + Bips: Why Tron’s IPO Matters & How Crypto Exchanges Will Win - Ep. 853
Episode publishedPodcast: UnchainedUnchained
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Why is this so exciting? Because now people you're essentially abstracting all the operational complexity around crypto, and you can just buy these things that are pretty hot right now, and they take on meme like properties. Are there some fundamentals? Yeah, I think so. And you touched on that with, with with the fact that Tron is a major stablecoin distributor. And and gosh, doesn't this also fit into this massive theme that we're seeing right now?
Hi, everyone. Welcome to Bits and Bits, exploring how crypto and macro collide one basis point at a time. Today, we're gonna talk about Trung going public. You'll get our reactions to the Israel Iran war, the impact of progress on the Genius Act, and also the White House rejecting, conflict of interest rules related to the market structure bill, better known as the Clarity Act. But first, some introductions. I'm your host, Steven Ehrlich, High Scribe of Nanjing Kingdom, and I'm here with Ram Alawalaya, Maester of Wealth, Leader of Lumida, and two special guests, Chris Perkins, Master Strategis
So, Chris and and Vishal, I know both of you are new to the show. So before we get into anything, I'd like to just, ask you both to briefly introduce yourselves to the audience. Chris, why don't you go first? Sure.
Chris Perkins, president of Coin Fund, one of the managing partners. My career, I started as a US Marine, fought in Iraq, came home, and then I went to Lehman Brothers and got blown up again. Ended up at Citigroup, ran a couple of derivatives businesses, and I've been full time crypto four years. That's me.
Hi. Yes. Vishal Gupta, CEO of True Markets, noncustodial stablecoin centric hybrid c five, d five exchange. My past, I I ran a derivative Zest at Goldman, in the list of derivatives world, left, TradFi, ended up in fintech and crypto, was an early guy at Circle as head of USDC in 02/2018, launching USDC from 0 to half billion market cap. I left there to join Coinbase as head of exchange, took it from 20 assets to 235 assets, launched two derivative exchanges there, one under under the CFTC regulated regulation, in The US and also one internationally, as a Coinbase international exchange, the p
we have a lot to talk about today. I mean, we're going to discuss the the the newest entrant in the crypto treasury craze, focused on Tron. We're going to discuss some of the the macro, implications for the current Iran Iraq war and its associated impact on on markets. And, and then I'd like to also touch on, some some regulatory news. In fact, a big scoop that one of our reporters at Unchained, Jason Brett, broke on Friday night where it looks like the Trump White House, derailed a major breakthrough in negotiations over the Clarity Act, because it would place restrictions on his and his fami
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So, when we were planning the show, I think even as late as this morning, I think we were going to start by talking about the Iran Iraq war and and everything that that entails. But then we had some, I guess, we call it breaking news this morning. Perhaps as no surprise to anybody, Justin Sun, the founder of Tron, he's sort of going public through a merger with the Nasdaq listed company that most people had not heard of, raising $210,000,000 to create a Tron crypto treasur
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