Weekly Roundup 07/28/23 (Market Structure bill advances, stablecoin catch-22, debanking in the UK) (EP.441)

Matt and Nic are back with another week of news and deals. In this episode:  Nic's issues editing the show Why Washington is attacking PoR  Why Big 4 audit firms aren't working on PoR  The Financial Innovation and Technology in the 21st Century bill (FIT) passes out of committee in the House  Six Democrats defect and support the bill The Stablecoin bill reaches an impasse because the White House  Why stablecoins being limited to the banks is a paradox  The SEC settles with Quantstamp SBF gets a gag order because he released Caroline Ellison's diaries  SBF did actually pay for his legal defense with stolen FTX customer money  The UK gets embroiled in a banking scandal due to Nigel Farage  We digest the room temperature ambient pressure superconductor news  Nic's pickleball injury   Content mentioned:  Nic in Fortune, The crypto industry is embracing self regulation. It’s time Washington gets on board   Kathleen Breitman in Fortune, Ben McKenzie needs a hug: The ‘OC’ star’s crypto book is an ill-informed flop   Sponsor notes:  Coin Metrics STATE OF THE NETWORK - From Orange Groves to Orange Gold  In this special edition of State of the Network, we are excited to share a new report that translates the legal language of securities framework for digital assets into objective, measurable criteria from “on-chain” data