Weekly Roundup 05/29/26 (Was debanking real, SoFiUSD, WSJ gets free banks wrong, trouble in ETHland) (EP.722)

Matt and Nic are back with another week of news and deals. In this episode: 

• The CEO of Lead bank says debanking was made up
• Which aspects of debanking were real?
• The SEC scraps its 50-year-old gag rule
• The WSJ gets free banking history wrong in their attack on stablecoins
• What does history tell us about decentralized monetary issuance
• Why stablecoins aren't vulnerable to the same issues as free banks
• SoFi launches SoFiUSD and mixes a stablecoin with a tokenized deposit
• Sentiment is bottoming in Ethereum
• David Hoffman sells his ETH
• Are stablecoins parasitic to L1s
• Can L1s accrue value sustainably?
• The DATs are troubled
• Is AGI here already?
• AI cost discipline

Content mentioned in this episode: 

• Nic on Substack, Stablecoins are private money. There's nothing wrong with that