DEX in the City: Why Prediction Markets Could Spark a Huge Constitutional Fight

The podcast explores recent developments and controversies in the crypto space. The hosts analyze the CFTC's new Innovation Council, questioning its composition of mostly CEOs and the underrepresentation of women. They discuss Chair Mike Selig's aggressive stance on prediction markets, debating whether these should fall under CFTC jurisdiction and the implications for states' rights. The conversation shifts to crypto crime, including the kidnapping of Savannah Guthrie's mother and the rise in physical attacks targeting crypto holders. They address the ethical dilemmas of self-custody versus security and the challenges of mitigating illicit activities without compromising the benefits of cryptocurrency. The hosts conclude by highlighting Ripple's donation to a children's cancer center as a positive example of crypto's potential for good.