Ep 64 - March 18, 2026 - SEC gives additional guidance

Robert Swarthout:

Welcome to the Weekly Crypto Check-in, your go to podcast for navigating the wild world of cryptocurrencies hosted by Andres Sandate and Robert Swarthout. Today, recorded on March 18, we're diving into the latest market shifts, blockchain breakthroughs, and expert insights to keep you ahead of the curve. How's it going, Andres?

Andres Sandate:

Good. Hey, Robert. How are doing? How's the week going for you?

Robert Swarthout:

Busy. It's I guess that's every week, but, you know, it's starting to feel like a little spring outside, which is nice. I mean, the cool mornings and warmer afternoons, and I'd imagine this cold snap was our last one for the year, be be my guess. So

Andres Sandate:

Yeah. When you look at, what what's happening, I guess, overall in the crypto space here, in in the last week, what's your, I guess, what's your sense of the news and the barometer?

Robert Swarthout:

You know, kind of a little bit of spring. Obviously, there's the big overshadowing of what's going on in Iran right now, but it does you know, we'll kinda get to it with the market structure build. It seem like progress is being made to kind of resolve some differences, And we actually might get that done. So we will dive into that a little bit later. But Yeah.

Robert Swarthout:

We can kinda just get rolling here with our first topic. So, you know, sometimes you just pinch yourself. Right? Because it's like you think back a year and a half ago, kind of the state we were in with the previous administration. The SEC kept saying everything is clear.

Robert Swarthout:

We don't need to give any guidance, all this stuff. And now you have a different SEC, the same same organization, different leadership, I should say, giving guidance, connecting with other agencies. It's crazy. So what the SEC's done this time is is given further crypto guidance. And this is instead of just staff guidance, this would be agency guidance.

Robert Swarthout:

So I guess one level higher, maybe a little bit more, I guess, oomph behind it of sorts. So it's on review, and it has to kinda go through an interagency review process, and then the three commissioners can vote on it. And right now, they're all Republicans, so I can't imagine that it doesn't pass in this case since they're the ones writing it. But, you know, the chair Atkins was saying how the commission wants to wants to provide guidance where possible that also aligns with what the potential legislation may do. So there's, like, clarity for market participants.

Robert Swarthout:

You know? Spoiler. Clarity would be awesome. Clarity. But, yeah, it's it's cool to see at least them doing what they can do because they can't make laws, but they can provide guidance, which is the closest thing the SEC can do to creating a new law.

Robert Swarthout:

So

Andres Sandate:

Yeah. Yeah. We definitely I think we'll benefit from it. So I'm I it's a positive encouraging sign.

Robert Swarthout:

Yeah. And it's you know, again, didn't expect it to be part of the new cycle, but it's cool to see more of this is happening behind the scenes. It wasn't just, you know, something that came out of all those executive orders that happened early last year. It is, you know, more follow through, at least in the SEC's part to kind of make it clear. So pretty cool.

Robert Swarthout:

And, you know, I don't know how much more of this we need. I would just prefer that we pass the market structure bill and don't have to ask them to do this, but maybe they can kinda keep, you know, providing help where it makes sense. So our next topic, kind of along the same lines, so the SEC and the CFTC. Obviously, SEC deals with securities. CFTC deals with commodities.

Robert Swarthout:

They've gotten together and produced a m o MOU, basically saying making it clear that the SEC how they claim tokens would be securities and how the CFTC claims that would be commodities. And basically providing clarity for on jurisdiction. They would actually share data in enforcement and and try to deduplicate regulation, which man, this is like music to my ears. But, again, rather it be a law than opinions of an agency. So

Andres Sandate:

Yeah. I mean, one of the headlines from from from Atkins, I saw that it ends a a decade of uncertainty. So, I mean, here we are back to that same word of providing, you know, clarity and and just trying to address things. I do you feel like this is I guess it's it's it's a way of showing progress when I think the the big question remains, you know, are we gonna get this bill Mhmm. Passed this year?

Andres Sandate:

Do you feel like these things are a way to show the market momentum and and progress around legislation without it really having the effect that the market really wants long term, which is to get the Clarity

Robert Swarthout:

Act passed. Clarity Act. I I wouldn't say that the market doesn't care about these agency opinions, but it kinda doesn't care. I think that's your point. Because it's like because because we know it's at the whim of the current administration.

Robert Swarthout:

And I say we very broadly there. But, like, at the end of the day, I think it has to be law and, you know, not that laws can't be changed, but, you know, if you kinda get that in place, you at least have some clarity for at least for for

Andres Sandate:

There's a lot more yeah. There I mean, there's a lot more than there is this is not these first two headlines to me, they're not they're not nothing. And and I think, yes, to to think about where we were even a year ago to see these things come out. Right. We can't minimize the the two headlines and and the impact because it just just to get one of the these out there last year would have been momentous.

Andres Sandate:

But now I feel like we're all looking to see when's this Clarity Act gonna get passed and what what are the compromises gonna be. There was an article that came out, you know, I think it was yesterday or the day before in The Wall Street Journal about the head of the is it the OCC, the office of the control, the currency that regulates the banks? Right. You know? And the profile suggests that, you know, they the banks are being pushed to allow more innovation, and the the banks are, particularly the smaller banks, are pushing back, you know, against the idea of of, you know, these crypto firms, some of the bigger names that we've we've talked about on the podcast being allowed to come in and kind of get these, you know, I guess, these national trust charters.

Andres Sandate:

So it's just interesting how much is happening kinda behind the scenes with the bill not actually being passed yet, the Clarity Act bill.

Robert Swarthout:

Yeah. And, you know, I've had many people reach out to me privately and be like, do you think the bill actually passes? And I and I think it does. Does it happen tomorrow? No.

Robert Swarthout:

Does it happen in the next year? Probably. Certainly, it may be on the short side of that if I had to guess. But at the end of day, like, there's too much happening for it not to I mean, not to be passed at the end of the day. You have, I mean, you have the you have the Nasdaq.

Robert Swarthout:

You have NYSE, like, working on bringing stuff on chain. This bill will support some of that. You just have too much of what many would consider traditional finance that are is doing stuff encrypted at this point. Yes. They could all give it up if they had to, but, like, I I think there's enough momentum to get it done.

Robert Swarthout:

And, again, the hang up and we'll get to the market structure building a bit, but but it's been the banks. Yeah. Yeah. If not if it wasn't for that, it'd be probably passed and signed by the president already.

Andres Sandate:

So Yeah.

Robert Swarthout:

Yeah. We'll we'll get to that. So our our third topic here I never thought we would ever talk about mister beast on this podcast.

Andres Sandate:

If for those mister beast.

Robert Swarthout:

For some that so for those that do not know, mister beast is, I think, the largest and biggest unfollowed YouTuber on the planet, if I'm not mistaken. If not, he's definitely top three. He has, like, billions of views a month. I think it's, like, 5,000,000,000 views a month and 446,000,000 subscribers across all of his different channels. Like, he he lives in North Carolina, records there, but his videos go international and they get translated in other languages and all sorts of stuff.

Robert Swarthout:

He's he's built quite the media little empire. But the news here is Bitmine, which is a Ethereum treasury company, They invested $200,000,000 in MrBeast. That that's a serious number. It's not like $1,020,000,000. I mean, even those are big numbers, but, like, 200,000,000.

Robert Swarthout:

And they're not buying necessarily, like, views for their product. They're to me, they're buying reach. And I and I kinda read this article, and it totally resonates with me because it's like, you know, all those subscribers, and they recently filed for MrBeast financial trademark. You couple this with MrBeast recently bought what was almost a defunct app that was around finances, but targeted teens trying to help them be good and young adults trying to help them be good financially. And I'd imagine that, like, with his reach alone, like, you just all start start mentioning in some of his videos and change whatever they wanna change about it and poof, you might actually have a real business here just because, again, the mister Beast being behind it.

Robert Swarthout:

So.

Andres Sandate:

Yeah. I mean, there's a you know, just reading and sort of picking up on what you said out there. I mean, if you think about some of the backers, it's easy, I think, on the surface to say, oh, this is all just a bunch of YouTubers and and and Bitcoin and and digital assets. Like, the whole thing is Mhmm. Easy to sort of write off until you start looking at who's involved behind the scenes.

Andres Sandate:

So you mentioned, you know, the huge YouTube audience, the $200,000,000 equity investment, huge, huge numbers, big numbers. Key investors in Bitmine, you know, which which made the, you know, the investment are Arx, Cathie Wood, Bill Miller, famous from Legg Mason, like a a famous mutual fund investor, and then Galaxy Digital. Galaxy Digital, the the, I guess, the crypto digital assets arm from Fortress's former founder, Mike Novogratz. Correct?

Robert Swarthout:

Correct. Yes.

Andres Sandate:

So some so some big names there. And then you think about how his audience ages over time. And you think about some of the moves that that they've made from a fintech angle perspective, what's interesting is that Beast Industries filed a trademark to, you know, to to, basically, to get a trademark application on the name mister beast financial

Robert Swarthout:

Right.

Andres Sandate:

Which is gonna involve, you know, listing services such as a crypt potentially a crypto exchange platform, consumer lending. So to your point, you know, trying to bring this generation of nine, 10, 11, 12 year olds, probably mostly boys, but I could be wrong. I don't watch the content. I do have nine and 11 year old boys, and I do know they are on YouTube way too much. And we always are turning off YouTube, or we feel like we're blocking YouTube and somehow, like, the apps always get through, but we all own so many devices.

Andres Sandate:

Yeah. Like, when you turn around, right, they're they're finding content, and it's usually on YouTube. Mhmm. And it's not always mister beast, but it is a gamer or it's some prolific person out there on social media. Yep.

Andres Sandate:

What I think is pretty fascinating is you step back and and look at this, like you said, from a content play, from a a a reach standpoint, trying to introduce financial services, to this next generation. You gotta think they're gonna do their financial services providers might not be the financial service providers of, you know, a generation or two generations, certainly three generations ago. Right? Right. I mean, are they gonna are they gonna bank with Merrill Lynch?

Andres Sandate:

Are they gonna bank with Bank of America? Are they gonna bank with Wells Fargo or Northern Trust? Or are they gonna go with, you know, some neobank or some online fintech platform that, you know, is present where they're hanging out and where they're living? Mhmm.

Robert Swarthout:

It's

Andres Sandate:

it's it's pretty interesting.

Robert Swarthout:

Yeah. It just his reach and his the number of views and subscribers, $200,000,000 almost seems like a steal. If you just do some rough math here. Like, if you say, okay. They're only gonna get one month's worth of views out of this $200,000,000, it's 4¢ a view.

Robert Swarthout:

Okay. That's pretty cheap in the view world. Or if you kinda look at it from a per prescriber, basically, it's paid, $2 per per per subscriber. And at the end the day, especially if you get into financial services, that is that is pennies. Like, so it seems like a smart move.

Robert Swarthout:

Obviously, they have a lot of execution they have to do on this, but, it does seem like an interesting step forward. So

Andres Sandate:

Yeah. Because that, you know, that that fame on social media, his is more than just, fifteen minutes. Right? His is being built around something more durable. He's now aligning himself with with brands and and and offering more services and offering other things beyond just the content.

Andres Sandate:

But, yeah, it it it's it's pretty fascinating. I mean, one of the things that I'm trying to do is figure out, okay, how do you create authentic content? We're doing that. Right? How do you create sort of authentic content away from some of the mainstream?

Andres Sandate:

So I think it is all about now having a relationship with your audience and trying to create content and and offer in a format and in a way where the listener, viewer, consumer feels like they have more of a relationship, and they they're getting something that they're not gonna get in the mainstream and from the mainstream outlets and platforms. And he's obviously been somewhat of a of a of a master at doing that in in the last, you know, five years. So no doubt they're trying

Robert Swarthout:

to find ways to monetize. Yep. Could not agree more. So our fourth topic here so Coinbase futures, obviously, it's their platform for trading futures on crypto, is now available via Ripple Prime. So Ripple Prime is the hidden road acquisition that they did.

Robert Swarthout:

They've rebranded to Ripple Prime. Growing like crazy. We've talked about that, I think, an episode or two ago. Yeah. But it's cool to see kind of it flow through and other crypto companies helping other crypto companies.

Robert Swarthout:

I would say helping, but, like, partnering. Normally, you would think they would be somewhat competitive. But in this case, I think Ripple's exposure exposing their customers to the Coinbase product is cool because the the the my understanding is that the typical customer of Ripple Prime would be a traditional finance oriented individual or Yeah. They're that's the market they come from. So just, I guess, more of the merging of the two different, you know, new and old world effectively.

Robert Swarthout:

So

Andres Sandate:

Yeah. You, you know, you you think about who are the who are gonna be the dominant large organizations that emerge out of this era of digital assets and crypto. Right? Will it be will there be a house a set of household names that we'll look back on in five or ten years and say, yeah. All that was being kind of built and put together in, you know, 2025, 2026, 2027.

Andres Sandate:

Right? Or is it gonna be, the traditional bigger financial institutions that make acquisitions? Right? And so in May, people won't, you know, think about, okay. That that was the Hidden Road acquisition that allowed Ripple to get into prime brokerage, or will it be a Coinbase that's one of those, large firms?

Andres Sandate:

It's it's fascinating to think about the space and where the road is leading and the big names and big companies, that are making moves today, you know, in some cases, right, without a real clear road map on even what the legislative and regulatory environment even looks like. Like, you if, you know, if you're if you're investing, you know, in this space, like, you certainly have to be able to handle volatility, but you've gotta also be able to sort of think about the combinations and the chessboard in a strategic way. Because I gotta think there's gonna be a lot more partnerships and a lot more m and a and a lot more combinations over the next five years. Yeah. And I

Robert Swarthout:

I think the part that I would add to that is is, like, you know, it's if anything, it's cloudy right now. It's murky, that kind of stuff. I mean, obviously, there's more risk in an environment like that. But, like, I I mean, I think that you're getting paid, if you wanna use that analogy, for taking that risk because clarity is almost certainly coming. I think it would be kinda at a left field if it doesn't come.

Robert Swarthout:

And I think that we're not too far from things, quote unquote, being obvious. So we'll find out here soon enough, though. Next topic, Ripple and Mastercard partner up on on chain payments. This is cool. Mastercard has been really trying to, like, be forward thinking.

Robert Swarthout:

Not that Visa is not, but Mastercard has been more public about it. Visa's taken a slightly different route, but, you know, so the the same digital assets are entering a new phase. We once ran in parallel, basically, in an existing framework. Now it's basically be coming to be applied to a practical real world same network for cross border remittances and b to b money transfers is what they're focusing on at first. So it's cool.

Robert Swarthout:

We're we are in a world of exploration, but, you know, it's not just like trials. I think this is purely like or assuming not purely. It's truly this is trying to do something with crypto now. So

Andres Sandate:

Yeah. I mean, they they announced this big, you know, this this this big they being Mastercard, this new crypto partner program with 85 companies across the digital asset and payment space, you know, so a lot of big names. And then this deeper Ripple specific, you know, integration, which is still rolling out. Mhmm. And, yeah, the real time blockchain settlement.

Andres Sandate:

I mean, we we keep talking about blockchain settlement and tokenization. Like, these are concepts and technologies and solutions that have been around for ten years when in reality, it's all very new. Yes. And I think, you know, the everyday you know, even the everyday user of, you know, just just think about it. Like, you're everyday user of the debit card, and and you just kinda take for granted, like, money moving around and Yeah.

Andres Sandate:

And sending ACHs and sending wires. Like, all this stuff happens sort of instantaneously today. And and to think now that, like, it's all gonna be on chain and it's gonna be, I don't know, like, verifiable. There's gonna be a lot more transparency. There's gonna be less, I guess, latency and delay.

Andres Sandate:

Hopefully, less fraud. Hopefully, you know, the tens or hundreds of billions of of dollars that are lost or at least frozen or delayed, you know, that stuff will speed up. I think we'll look back in five years, probably, maybe even less time and say, how could we've ever done it slower or that old way?

Robert Swarthout:

Yeah. I mean, it you know, it feels fast now. It's going to absolutely feel slow three or five years from now. Yeah. You know, money money largely works in The US consistently, but there's still delay.

Robert Swarthout:

I mean, like, from a merchant's perspective, if you go to the store and buy something, they're probably not seeing that money for two days at best if it's all business days in there. In a tokenized on chain world, that's almost instant is is the point that we can get to. So, you know, that that helps. And just you know, there's

Andres Sandate:

still I mean, I'm waiting on a receivable. Right? I'm waiting on a receivable for my EnduranceX platform, and, you know, it's it's just the way that things are paid today. Right? I mean, you're still waiting on paper checks.

Andres Sandate:

You're still waiting on ACHs. You're still waiting on, right, these these processes. And, you know, to to some extent, it's like you'll look back. I think we'll look back as business owners and and and say, why why couldn't we just offer, like, you know, like, tokenized receivable structure? Yeah.

Andres Sandate:

And it's coming. It's coming. Yeah. Yep. Yeah.

Robert Swarthout:

There's a little bit more patience. So this next topic blew me away when I saw this this headline, I guess, you can call it. So this happened, gosh, almost a week ago at this point. But so there was a user using the the blockchain AAVE, so a a v e. It's the ticker is literally a a v e as well.

Robert Swarthout:

And they were trying to basically swap Aave for $50,000,000 in UST, so Tether. $50,000,000. A a lot of value here. They're doing this on a smartphone. Okay?

Robert Swarthout:

On a surface, not a problem. Seems like a big transaction to be doing on a phone, but whatever. Maybe I'm old. So they they were presented. The the app worked as as it should have been.

Robert Swarthout:

I should say this upfront. This person had to have been distracted. So they basically were converting in the app again from Aave to USTT. And the slippage it was mean it was not slippage. But since there wasn't enough liquidity in the market, the user was presented with basically saying, hey.

Robert Swarthout:

The the price is not gonna hold up. Effectively, do you are you sure you wanna do this? And in return, they turned $50,000,000, and they got gosh. Make make sure I get this number correct. They got $35,000 in exchange.

Robert Swarthout:

Not a great trade, especially when you're going to a stable coin. It it just blows my mind. There was all sorts of rumors about, like, oh, it's slippage or all this stuff. No. I mean, the the guys that run all the app and interface kinda came out and kinda basically, I wouldn't say CYA, but kind of for them.

Robert Swarthout:

And I tried to talk through it. But, yes, there was there was 60 excuse me, $600,000 in fees collected. There was all sorts of what you would consider things wrong with this transaction, but the user approved it, was prompted, I believe, two times and clicked through and, again, turned $50,000,000 into 35,000.

Andres Sandate:

Wow. That's not your everyday going to Vegas on a bender.

Robert Swarthout:

Right. And there was, like, no excitement. It's not like you got entertainment out of it. I mean, maybe post entertainment of sorts, but yeah. Man, it's just brutal.

Robert Swarthout:

So I don't know. This is DeFi. Right? I mean, this it the system worked as it was designed. The user probably should not have accepted it, you would assume.

Robert Swarthout:

But at the same time, it's it was their choice. There's people online saying, oh, the app shouldn't let you do that. I'm like, well, maybe. I mean, maybe the person should make their own decision whether they wanna do this or not. Obviously, they wanted to.

Robert Swarthout:

So

Andres Sandate:

Yeah. I don't know. Wow. That's that's wild. Yeah.

Andres Sandate:

It's it makes you wonder, is it a was it a fat finger thing, you know, going back to that that infamous trading?

Robert Swarthout:

It might have been fat finger, but then there was multiple prompts because they this market wasn't gonna hold up. So they had to, like, get through prompts. It's not like you fat finger it three times in a row, or maybe you do and you're distracted. I don't know. I've never, again, lost $50,000,000 effectively on a trade.

Robert Swarthout:

So I would hope never to. Happy be put in that position. So, anyways, I guess we can laugh about it. Obviously, it wasn't our problem, but somebody obviously did not have a good day about a week ago.

Andres Sandate:

No. No. They couldn't have.

Robert Swarthout:

Yeah. So our second last topic here, the senate passes a bill that included a CBDC ban until the year 2030. I I guess that's a good thing. I am not quite sure why we're waiting until a certain year to make a decision again, but it seems like it should just be banned until we don't want it to be banned. I congress loves doing these things where there's these imposed time clocks on things.

Robert Swarthout:

You know, funding the government is one that comes to mind since we're the middle of Right. An unfunded government.

Andres Sandate:

Extend it for ninety days, and then ninety days comes

Robert Swarthout:

We'll do this again. Yeah. Anyways but, yeah, it was a it was a bipartisan vote. The senate passed it, the legislation, in 89 to 10 voting. So I, you know, I don't think The US needs a CBDC, personally.

Robert Swarthout:

I think other countries will do it. Other you know, the EU probably is a is a block will do it, but I think The US kinda finds ways to kind of not have to play that game at the end of the day. So and and and and and the end of pull me back up. Republicans have largely been against this because they just worry about privacy, and and transaction privacy is really where this came from. But, again, bipartisan vote seems pretty rare these days.

Robert Swarthout:

I don't care what the topic is. So it's Yeah. Interesting to see it happen on this. I would love to see them also vote on the market structure bill and have a bipartisan vote, which is probably a good segue. So our our last topic, market structure bill update.

Robert Swarthout:

I'm almost sick about sick of talking about this thing. It doesn't seem like it's actually happening, and then it seems like it is. Last we talked, the banks were, the big banks in particular were trying to protect the small banks, which I don't actually think is a thing. I think it's just been trying to protect themselves. But we're saying how stablecoin issuers should not be allowed to pay yield to the holders because it it's a risk for deposit flight from the banks.

Robert Swarthout:

Okay. I get why the banks think that. They're trying to protect their business. They didn't care about crypto for all these years, then all of sudden, there's legislation that try to help crypto, and here they are sticking their nose in the middle of it. But it it does sound like that there has been a a mediator of sorts.

Robert Swarthout:

So sounds like senators Angela Alsoprooks, a democrat from Maryland, and Pham Tillis from Republican from North Carolina has basically brought these two sides together. They're acting like mediators of sorts trying to figure out what it is. And it looks like, if I get my notes right here, the that banks would not or, excuse me, the legislation would not allow issuers to pay yield on balances held, like, on on deposit effectively. But if they would be allowed to give rewards, quote, in air quotes, for use of the stablecoin in transactions.

Andres Sandate:

Right. In in passing, but not in

Robert Swarthout:

parking. Correct. Yes. So it's like, okay. Split the baby a little bit.

Robert Swarthout:

I don't at this point, I don't care if there's yield or not. I just want this thing done, and we can deal with yield later. Because, again, we did the Genius Act a year roughly a year ago, a little less than a year ago, and got legislation in place for stablecoins. Market structure bill is coming through, all of stablecoins come back up. I'm like, it's not your turn.

Robert Swarthout:

Sit down, please. Like

Andres Sandate:

Right. Yeah. I mean, it yeah. Remember we talked about this briefly on the last episode. It's it feels like the banks have a lot of mistrust or distrust about the the crypto space and what their intentions are.

Andres Sandate:

And I I feel like Mhmm. If they give an inch, they feel like the crypto space is so creative, so We'll find a way around that. Innovative, and they will find a workaround to offer the, effectively, the rewards and the yield to attract those deposits. The the fact of the matter is there's like I said, there's a great article out there that came out. I mean, it's not an opinion piece.

Andres Sandate:

It's just a profile of the, I think, the individual that's that's running the the OCC, and he talks about the just the number of banks under a billion dollars that have gone out of business in the last, you know, whatever, five years, ten years. It's pretty interesting. I mean, it's a high number. There just are not a lot of new banks being formed, and there are not a lot of small banks that are doing very well. And the big banks have been it's it's funny.

Andres Sandate:

The big banks have been the ones that have consolidated more assets in the last decade. Yes. And at the expense of the small banks. And yet this new entrant that's coming on the scene in the form of crypto is, like, big brother is saying, we gotta protect little brother, the small bank, when in reality, it seems like the structure of the way banking is now being regulated, it's it's like pushing the big banks to the b b's. Well, it is.

Andres Sandate:

They can't fail. They're too big. Mhmm. They're too big. Yeah.

Andres Sandate:

Come at the expense of of the small, you know, community banks. And it's fascinating, you know, to see. I I agree. I mean, I I think there's aspects that are now being relitigated Mhmm. In in this, you know, in this market structure bill that we thought was gonna be you know, that we're gonna get put to rest.

Andres Sandate:

So, yeah, we're not in June, but I'm hopeful we can get something done in the next two or three months. And like you said, maybe the long term is it it goes past, you know, the elections. I can't believe I'm saying that on the air, but Mhmm. But it it does feel like there's momentum to get it done still.

Robert Swarthout:

Yeah. And, you know, I had read something that was just more of an opinion about, like, why the banks are being so protective, if you wanna consider that, of the small banks. And it was they kinda twisted it around where, okay, if there was a world where yield could be paid on, parking stablecoin deposits, all of sudden, your community bank may offer a stablecoin, not necessarily be an issuer, but, like, you know, may give, you know, a a better rate on a stablecoin than they're giving on their dollars. And all of sudden, they they are a stronger bank all of a sudden, and they're not as much of a target for the big banks. So, you know, it's it could be under the veil of trying to be helpful, but they're really being helpful to themselves because they wanna keep their competition weak at the same time.

Andres Sandate:

Yeah.

Robert Swarthout:

Yeah. But, yes, banking can do that. Banking is a interesting challenge in lots of politics outside of just normal politics within banking. So Yeah. Anyways, well, I think that's a wrap for this episode of the Weekly Crypto Check-in.

Robert Swarthout:

Keep updated with the latest crypto insights by searching TITAN Crypto Capital or the Weekly Crypto Check-in in your favorite podcast player. Leave us a review and share your thoughts. Like our LinkedIn TITAN Crypto Capital page, and, until next time. Take care.

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Host
Andres Sandate
Husband, 3x Dad, Latinx, SpecFin, FinTech, Private Credit, ATLalts Pod Host, SEAFA Pres., Ball Coach, Kansas Jayhawk, Raised in Newton, KS, Reside in Smyrna, GA
Robert Swarthout
Host
Robert Swarthout
GP focused on commercial use case cryptocurrencies. #XRPL dUNL validator operator, Founder/CEO at @tetoncryptocap, Co-founded @ShootProof, formerly @yahoo
Ep 64 - March 18, 2026 - SEC gives additional guidance
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