Episode 38: Democracy as a Ticker, Jamie Dimon’s F-Bomb, & US Perps

JR and Leon break down the massive news of crypto perpetuals hitting the US market, dissect Jamie Dimon's unfiltered thoughts on the Clarity Act, look into Koshi's new "American Power Index" (Kapow), and issue a warning about the rise of high-tech AI trading scams.Hosts: Jesus Burgoa (JR), Founder & CEO of Social MarketLinkedIn:  https://www.linkedin.com/in/jesus-rafael-burgoa-b34874170/X: https://x.com/jesusrburgoaWebsite: https://jrburgoa.com/Co-Host: Leon Hitchens, CMO of Social MarketLinkedIn:  https://www.linkedin.com/in/leonhitchens/X: https://x.com/LeonhitchensWebsite: https://www.leonhitchens.com/Find Us: Spotify: https://open.spotify.com/show/3cfUVNwIm2AXt2oZ0nx2DvApple Podcasts: https://podcasts.apple.com/us/podcast/the-social-ledger/id1803475184YouTube: https://www.youtube.com/@TheBoostChannelWebsite: https://theboost.fm/social-ledger-report/Key Topics1. Jamie Dimon vs. The Clarity ActJPMorgan’s CEO slammed the bill for lacking legal protections. The hosts note that after rampant DeFi hacks, even crypto natives are starting to want institutional safety frameworks.2. Crypto Perpetuals Hit the USThe CFTC approved Koshi’s Bitcoin perpetual contracts ($perps$). Unlike traditional futures, perps have no expiration date, letting traders hold positions indefinitely.3. The Flawed $KAPOW$ IndexKoshi launched a tradable index tracking US political power dynamics. However, it weights markets by "prominence" rather than volume, meaning a $500k market can swing the index just as much as a $13M market.4. $12.3M AI Scam & Robinhood AgentsThe SEC busted a $12.3M scam pushing fake AI bots. While AI fraud is up 4.5x, legitimate tech is scaling, Robinhood just launched AI trading via MCP, moving the industry toward a "headless" chat interface.Notable QuotesLeon: "If somebody's telling you 'give me $1,000 and I'll get you two grand,' you're either in a Ponzi scheme or someone is about to get screwed."Support the Show!We've almost hit 300 subscribers this month! Help us grow by hitting Subscribe, leaving a comment about the upcoming midterms, and liking the video.