Bankless

ROLLUP: Market Uncertainty | Trump’s Bullish Plan? | Coinbase ICOs Return | Uniswap Fee Switch On | JPM Base Coin | Crypto Privacy Season?

110 snips
Nov 14, 2025
Tom Schmidt, a venture capital partner at Dragonfly and crypto investor, joins as co-host to explore the jittery crypto market. They discuss Trump's ambitious housing proposals and their potential impact on the economy. The conversation shifts to Coinbase's return of ICOs and Uniswap's highly anticipated fee switch. Privacy takes center stage with Zcash's staggering 4,000% surge and the legal risks for privacy developers. Finally, they dissect JPMorgan's launch of a deposit token, hinting at a new horizon for institutional crypto.
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INSIGHT

Ethereum's Scale Makes Privacy Hard To Ban

  • Ethereum may be best positioned to deliver meaningful privacy because it's too big to ban.
  • Embedding privacy at L1 makes it harder for centralized actors to blacklist protocols.
ANECDOTE

Samurai Wallet Developer Sentenced

  • Samurai Wallet developer Keone Rodriguez pled guilty and received five years for unlicensed money transmitting.
  • The judge framed digital currency as a 'gift' to criminals, signaling harsher enforcement views.
INSIGHT

Privacy Devs Face Enforced Legal Ambiguity

  • Legal guidance for privacy developers has regressed since 2019, creating dangerous uncertainty.
  • Projects must choose truly non‑custodial, open‑source designs to reduce legal exposure.
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