The CLARITY Bill Coin Flip w/ Patrick Witt - The Chopping Block

Description

Patrick Witt, the White House's executive director for digital assets policy, calls in mid-episode to give the Chopping Block crew a live read on the CLARITY market structure bill! Show highlights 🔹 Patrick Witt dials in mid-episode after literally chasing bill language, laying out the CLARITY market structure bill and its August 7th recess deadline. 🔹 Polymarket puts CLARITY at roughly 46%, a coin flip, after passing the House 294-134 last July and stalling in the Senate. 🔹 The first-of-its-kind ethics provision bars officials and spouses from issuing digital assets, forcing existing holdings into blind trusts or divestment. 🔹 The live fight: White House wants DOJ enforcement, Democrats want 50 state attorneys general, which Patrick warns invites politically motivated lawsuits. 🔹 Tarun breaks down Gauntlet's $125M raise from SBI Holdings, his biggest ever, closed after seven straight days of suits and staying shaved in Japan. 🔹 SBI, the crypto OGs of Japan and early Ripple Labs backers, bets on capital shifting from syndicated VC toward TradFi giants funding DeFi liquidity. 🔹 Balaji's Network School goes from a Forest City ghost town in Malaysia to an immigration raid, a revoked license, and an MOU-fueled pivot to Kazakhstan. 🔹 Robert says Balaji 'picked the wrong dance partner' building a network state on foreign soil; Tom warns of the dreaded 'turkey chart.' Hosts ⭐️ Haseeb Qureshi, Managing Partner at Dragonfly ⭐️ Tom Schmidt, General Partner at Dragonfly ⭐️ Tarun Chitra, Managing Partner at Robot Ventures ⭐️ Robert Leshner, Founder & CEO of Superstate Guest ⭐️ Patrick Witt, Executive Director, President's Council of Advisors for Digital Assets Timestamps 00:00 Intro 00:59 Tarun's $125M Gauntlet Raise from SBI Holdings 06:32 Balaji's Network School: Malaysia Raid to Kazakhstan Exit 13:57 Patrick Witt Joins: CLARITY Bill State of Play 16:14 The First-of-Its-Kind Presidential Ethics Provision 19:53 DOJ vs State Attorneys General Enforcement Fight 23:36 The Big Three: Ethics, Law Enforcement, and the Ag Title 30:54 Patrick's National Guard Deferral and Short-Handed Crypto Bench 33:11 Polymarket's Coin Flip and Post-Midterm Odds 39:04 After CLARITY: SBR Bill, Tax Provisions, and What's Next 42:44 Wrap: Hosts React to Robert's Hopium _______________________________________________________ #bitcoin #ethereum #crypto #cryptocurrencies ++++++++++++++++++++++++++++++++++++++++++++++++ Subscribe to our channel! Website → https://unchainedcrypto.com Unchained Daily Newsletter (FREE!)→ https://unchainedcrypto.beehiiv.com/subscribe/ Unchained X → https://x.com/unchained_pod Apple → https://podcasts.apple.com/us/podcast/id1123922160?ls=1 Spotify → https://open.spotify.com/show/1cJrrfGY1SKBIRn5noKSAf?si=6SI4qIcRTEO7EhOe0V9n4w RSS Feed → https://feeds.megaphone.fm/LSHML4761942757 Unchained: Your no-hype resource for all things crypto!