Welcome back to The Breakdown with me, NLW.

It's a daily podcast on macro, Bitcoin,, and the Big Picture Power Shifts remaking our world.

Welcome back to another breakdown end of year episode.

Before we get into that, however, if you are enjoying the breakdown,

please go subscribe to it, give it a rating, give it a review, or if you want to dive deeper into the

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bit.ly slash breakdown pod. Hello, friends, we are continuing with our Christmas Carol

themed Bitcoin episodes. We've done the Ghost of Bitcoin's Pass, and now we are moving to

the Ghost of Bitcoin's Present. This will be a set of predictions of the changes that are right

around the corner, so kind of on the edge of present and future, but more present than future.

It was clear that things changed as soon as the election results were in, but we're still

just starting to get a sense of exactly how things are going to

change. All of these things I'm imagining, though, happening in the next year, which is why I'm

considering them the present. The most obvious change expected next year is regulatory clarity.

We already discussed the implications of the end of the Gensler era in the previous show,

so today we're focusing on the things that will fill that void.

Stable coins and tokenization seem like the lowest hanging fruit. I expect stable coins to be fully regulated within a year with the passage of regulation. This would allow banks to issue

stable coins further blurring the lines between Tradfai and the crypto economy.

tokenization also seems like it can be approved with a fairly minimal set of exemptions

and guidance from the SEC.

We already saw Exodus wallet successfully go public after issuing tokenized stock to qualified

investors in the private markets.

...