In this holiday edition of "Dex in the City," the hosts and guests discuss the evolving landscape of crypto, addressing a viral article that declares "crypto is dead" and debating whether the industry is converging with traditional finance (TradFi). They explore the shift from a crypto-centric world to one where crypto integrates into broader financial markets, payments, and fintech, and also tackle the importance of regulatory clarity, highlighting the progress and sticking points of the Clarity Act, a landmark crypto market structure bill, including the challenges around DeFi, illicit finance, and ethical considerations for public officials. The speakers also examine the "revolving door" phenomenon between government and the private sector, with a focus on the CFTC and SEC, and celebrate positive developments like Dubai's acceptance of crypto donations for charities, while expressing hope for improved crypto coverage from major news outlets.
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