Larry Florio
Deputy General Counsel at Ethena Labs (listed as Ethena Labs Deputy Counsel in the episode description) who analyzes recent regulatory guidance from federal agencies and explains implications for tokenization and banking.
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Mar 6, 2026 • 59min
Kraken Cracks the Fed, Agencies Take Lead on Crypto Guidance with @JonathanJachym and @larryflorio
Jonathan Jachym, Kraken’s Global Head of Policy, who led Kraken Financial to a Federal Reserve master account. Larry Florio, Ethena Labs Deputy Counsel, who breaks down agency guidance on tokenization. They discuss Kraken’s Fed master account and its limits. They unpack recent OCC/FDIC/Fed guidance, capital treatment for tokenized securities, and what regulators’ moves mean for banking and tokenization.
