The Chopping Block: Crypto as a Public Good, Tornado Cash Ruling, and SEC’s New Direction - Ep. 772

Bullish:

• $BTC - The new administration's executive order prioritizes protecting citizens' rights to use public blockchains, which is likely to be positive for Bitcoin adoption and price.

  • “The number one purpose in a list of purposes was protecting and promoting the ability of individual citizens to access and use public blockchain networks without persecution.”

    Peter·34:40
• $INFRA - Protecting crypto developers from legal risks is crucial for the industry's growth, suggesting a potentially bullish outlook for crypto development if legal clarity is achieved.

  • “If there's one thing that could effectively chill all innovation in this space in the US, at least, is the feeling that if you publish your GitHub repository to the blockchain as a smart contract, that's the step where suddenly now you're gonna go to jail for 5 years.”

    Peter·55:38

Bearish:

• $CBDC - While the executive order's prohibition on CBDCs is seen as positive, the threat of a US CBDC was already considered remote, suggesting limited trading opportunity.

  • “I like that it's in there. I do agree with you, Tom, that that it's like a prophylactic against something that maybe maybe is somewhat remote, but who knows?”

    Peter·13:20