The Clarity Act Isn't Priced In: BNY, Morgan Stanley, & the End of Coinbase's Moat

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Presented collaboratively by Early Riders & Onramp Media…

Final Settlement is a weekly podcast covering capital markets, dealmaking, early-stage venture, bitcoin applications and protocol development.

This week Liam, Brian, and Michael cover Coinbase's recent earnings report, the degradation of their competitive moat, the American Banking Association's panic due to the Clarity act, the implications of Circle's new token, and the significant moves made by institutions like BNY Mellon and Kraken.

Chapters

00:00 - Coinbase's Earnings & Layoffs

02:59 - Market Position & Competition

06:11 - The Future of Coinbase & Leadership Challenges

09:03 - Circle's New Token & Coinbase Relationship

12:10 - The Clarity Act & Stablecoin Regulations

14:53 - The Role of Traditional Banks in Crypto

18:11 - Tokenized Securities & Market Innovations

33:17 - Tokenization & Financial Evolution

39:35 - Institutional Moves in Crypto Custody

42:50 - Kraken's Strategic Acquisition

47:54 - The Future of Crypto Funds

51:09 - Emerging Financial Products & AI Integration

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Keep up with Michael:

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Keep up with Liam:

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Keep up with Brian:

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