Crypto Crime in LA, Mining Lawsuits in Kentucky, Brazil’s Energy Bet, and Société Générale’s Stablecoins | October 1, 2025
Description
Today’s episode begins in Los Angeles, where a former sheriff’s deputy has pleaded guilty to federal crimes connected to a crypto crime ring (1:17 ). Then we move to Kentucky, where lawsuits are piling up against Senator Brandon Smith over his failed bitcoin mining project (2:54 ). In Brazil, renewable energy producers are striking deals with miners to soak up excess wind and solar capacity (4:37 ). And finally, France’s Société Générale brings its institutional grade stablecoins into decentralized finance on Ethereum (6:37 ).
This is your essential update on the forces shaping what’s next in money.
More on stories and articles discussed or referenced in this episode:
Biraben, Amancai and Austin Horn. “State Senator Faces Lawsuits Over Failed Eastern KY Cryptocurrency Operation.” Lexington Herald-Leader, 29 September 2025, https://www.kentucky.com/news/politics-government/article312162385.html.
Fucuchima, Leticia. “‘There’s Tons of Potential’: Brazil’s Clean Energy Oversupply Draws Crypto Miners.” Reuters, 30 September 2025, https://www.fastcompany.com/91413319/crypto-mining-brazil-clean-energy-oversupply.
Omelchenko, Denis. “SocGen’s Crypto Arm Deploys Euro, Dollar-Pegged Stablecoins in DeFi.” The Defiant, 30 September 2025, https://thedefiant.io/news/tradfi-and-fintech/societe-generale-forge-stablecoins-morpho-uniswap.
Sheets, Connor. “Former L.A. County Deputy Admits Criminal Role in Crypto ‘Godfather’ Schemes.” Los Angeles Times, 30 September 2025, https://www.latimes.com/california/story/2025-09-29/lasd-michael-coberg-plea.
“Societe Generale-Forge Deploys Its Euro and Dollar Stablecoins in Decentralized Finance via Its Partners.” Press Release, Societe Generale-Forge, 30 September 2025, https://www.sgforge.com/sgf-deploys-eurcv-usdcv-in-dex/.
The music in this episode was composed by Liborio Conti, and you can find more of his fantastic work at his YouTube page: https://www.youtube.com/liborioconti.
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