ROLLUP: Bitcoin on the US Balance Sheet? | Trump's US Crypto Stockpile | Banks Can Now Custody Crypto | Venice AI's Massive Airdrop

Joining us this week is Haseeb Qureshi who is here to help walk us through this week’s Weekly Rollup. We cover the major shift in the U.S. government’s stance on crypto, as Trump signs an executive order that establishes a national digital asset stockpile working group and bans CBDCs. The SEC also revokes SAB121, clearing the way for banks to custody crypto. Meanwhile, Venice AI’s token launch made waves, and Abstract Chain went live with a focus on creators and streamers. In markets, Nvidia’s $600B plunge rattled investors, and the Czech National Bank considers adding Bitcoin to its reserves. Plus, Gary Gensler lands a new job—back at MIT. ------ 💸 CRYPTO TAX CALCULATOR | CODE: BANKLESS15 https://bankless.cc/CryptoTaxCalculator ------ BANKLESS SPONSOR TOOLS: 🪙FRAX | SELF SUFFICIENT DeFi https://bankless.cc/Frax  🦄UNISWAP | BUG BOUNTY PROGRAM https://bankless.cc/Uniswap-Bug-Bounty  ⚖️ARBITRUM | SCALING ETHEREUM ⁠https://bankless.cc/Arbitrum  🛞MANTLE | MODULAR LAYER 2 NETWORK https://bankless.cc/Mantle  🌐CELO | BUILD TOGETHER AND PROSPER https://bankless.cc/Celo  🎮RONIN | THE FUTURE OF WEB3 GAMING https://bankless.cc/Ronin ----- ✨ Mint the episode on Zora ✨ https://zora.co/collect/base:0x4be6cd4d402fed49eb2de95fbc8e737e8ffd3e7f/26?referrer=0x077Fe9e96Aa9b20Bd36F1C6290f54F8717C5674E  ------ TIMESTAMPS & RESOURCES 00:00:00 Start 00:02:10 NVDA and Deepseek Selloff https://www.cnbc.com/2025/01/27/nvidia-sheds-almost-600-billion-in-market-cap-biggest-drop-ever.html  00:08:26 Why It Sold Off https://x.com/DavidSacks/status/1883935713877782884  00:10:56 Markets 00:12:28 Why is The Vibe So Off? https://x.com/intocryptoverse/status/1884408180014186958?s=46  00:16:53 Bitwise Files For Doge ETF https://x.com/EricBalchunas/status/1884349554256142735  00:21:01 Powell On Cutting Rates https://www.cnbc.com/2025/01/29/fed-meeting-live-updates-traders-await-fed-chair-powells-comments.html  https://x.com/WatcherGuru/status/1884699251860553789  00:24:30 US Strategic Crypto Reserve? https://www.whitehouse.gov/presidential-actions/2025/01/strengthening-american-leadership-in-digital-financial-technology/  https://x.com/Geiger_Capital/status/1882534611693211932  00:29:21 Czech And Norway Invest In BTC  https://x.com/DavidFBailey/status/1884491705841508708  https://x.com/BitcoinMagazine/status/1884901420677386243  00:33:28 SAB121 Repeal https://x.com/hesterpeirce/status/1882562977985114185?s=46  https://x.com/saylor/status/1882565582870270241?s=46  00:37:02 New Treasury Secretary https://x.com/USTreasury/status/1884377788263633262  00:38:48 Gary Returns To MIT https://mitsloan.mit.edu/press/former-sec-chair-gary-gensler-named-professor-practice-mit-sloan-school-management  00:44:01 Venice AI Token Launch https://x.com/AskVenice/status/1883925135825990091  https://x.com/ErikVoorhees/status/1883992467151663415  https://x.com/CoinbaseAssets/status/1884041161708356000  https://x.com/TrustlessState/status/1884320943008538781  00:49:08 Abstract Chain Mainnet Launch https://x.com/AbstractChain/status/1883939915169423777  https://x.com/pudgypenguins/status/1884708668366545143  00:50:33 Symbiotic https://x.com/symbioticfi/status/1884266642416492713  00:52:48 TRUMP Token, Good And Bad https://x.com/hosseeb/status/1883466906080088478?s=46  https://x.com/Jesseeckel/status/1884615422521020626  00:58:02 TRUMP Is A Celeb Coin https://www.bloomberg.com/news/articles/2025-01-28/trump-s-memecoin-can-now-be-used-to-buy-watches-and-sneakers  01:03:45 Haseeb’s Podcast And Parting Advice   ------ Not financial or tax advice. See our investment disclosures here: https://www.bankless.com/disclosures⁠