Topics covered in this episode:

• Do crypto cycles have historical patterns?
• Paypal enables merchants to accept crypto
• In-kind Redemptions for BTC and ETH ETFs
• Coinbase and JPM partnering
• Crypto Report released by White House
• White House preparing EO to punish banks
• SEC releases Listing Standards for crypto ETPs
• SEC: Liquid staking activities are not securities
• SEC: Guidance that stablecoins can be treated as cash equivalents on balance sheets

White House Crypto Report: https://www.whitehouse.gov/wp-content/uploads/2025/07/Digital-Assets-Report-EO14178.pdf