Nic and Matt cover an insane week of deals and market turmoil. In this episode:  The Biden admin freezes the Treasury guidance on unhosted wallets Treasury Secretary Janet Yellen expresses her concern about cryptocurrency for terrorist financing Bitcoin as a monetary escape valve The real reasons behind Treasury's concern about Bitcoin The prospects for monetary repression in the US Prospects for Chris Brummer as the new head of the CFTC Blackrock warms to Bitcoin Our point by point 'debunking' of the anonymous blog post on Tether Why Tether critiques are so popular Why a Tether implosion would emphasize Bitcoin's value proposition We explain the Bitcoin 'double spend' How Bitcoin settlement is probabilistic Content mentioned in this episode:  Nic in NYMag, What Explains Bitcoin's Resurgence? On The Brink, Interview with Ganesh Viswanath-Natraj The Bit Short: Inside Crypto's Doomsday Machine Kraken, On Tether, Journalists Defy Logic