Matt and Nic are back for another week of news and deals. In this episode:  Tether is actually the most interventionist stablecoin when it comes to freezing Should we be bullish on PYUSD?  Why stablecoin data shows meaningful utility for public blockchains  Is the idea of a 'crypto generalist' dead?  The meaning of the SEC's loss in court to Grayscale Why the SEC was 'arbitrary and capricious' The SEC's blunder over their approval of Futs ETFs The SEC's possible options  Our guesses for how the SEC reacts to their loss The SEC delays other pending spot ETFs The SEC wins against Impact Theory  Why the case against Impact Theory could implicate a lot of other NFT projects  Uniswap wins a class action case  What does the SEC's case against Binance being under seal mean?  Content mentioned:  BH Digital, The Relentless Rise of Stablecoins WSJ, The SEC Strikes Out Again on Crypto With Grayscale Sponsor notes: Coin Metrics STATE OF THE NETWORK — Coin Convergence: Piecing Together Common Ownership Patterns Across Major Stablecoins In Coin Metrics State of the Network Issue 222, we highlight trends in user behavior & common ownership across major stablecoins on Ethereum