In this podcast episode, Adam and Steve discuss the surprising move by BlackRock to submit an application for a Bitcoin ETF, which had a positive impact on the market. They speculate on the reasons behind BlackRock's decision and the potential influence and political connections at play. The conversation also touches on the SEC's actions against crypto natives and the emergence of traditional finance players like fidelity and Schwab in the crypto space.

Together, they question whether these developments align with the original principles of cryptocurrency and emphasize the need to evaluate if these steps are worthwhile for the industry.

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