Episode Details

This is part 32 of the crypto series. In this episode we cover FASB weighing whether some stablecoins may qualify as cash equivalents in 2026. JPMorgan is getting further into crypto with a tokenized money fund called My OnChain Net Yield Fund or “MONY”. The fund will only be opened to qualified investors with at least $5 million in investments. Crypto investors were loving most of 2025 as the President embraced crypto, there was a shift in tone from regulators, congress passes crypto regulation, but then the end of the year came. Crypto slumped across the finish line with a negative return for the year. Finally, a north Korean banker runs afoul of the FBI with crypto dealings. The article lays out how he ran his operation and laundered millions. This episode reviewed multiple articles from The Wall Street Journal (subscription required).