ROLLUP: Rate Cuts! | ZK Breakthroughs | Farcaster’s Pivot | SEC Onchain | NYT’s Stablecoin FUD

Bankless nation is the second week of December's time for the Bankless weekly roll up. We got the latest Fed meeting, and the last one of 2025 is now behind us. We got a rate cut. Okay? Rates went down. So can we be bullish now? I don't know. Maybe. Depends what the prices are telling us on the week. Actually, I don't know, David. Are we like, I don't know if we're flat or if we're down on the week or we're up. I just, like, I have no I have no sense of this. This is the information that people really tune in to the podcast to to really get. I know. I know. If you want to be bullish, you can be bullish. Right? Okay. That's okay. That's okay. I'll I'll give you some things to be bullish about. We're gonna talk about, ZK technology really maturing to the point of actually unlocking synchronous liquidity across the Ethereum roll up design space. This is a z k sync innovation. It's going live. It is live fixing some of the fragmentation problems that we all know Ethereum has had, which is pretty cool. You said that s word, though. You said synchronous. I'm not sure if it's synchronous. Might be async, David. As I understand it, layer twos get to tap into layer one liquidity on their layer two, which means we don't Atomically composable in a transaction. I don't think. Not quite. It's async. Not quite. Not quite. It's happening. So But but layer twos don't need their own liquidity anymore. Okay. So, yes, maybe it's not synchronous, but it is one there's one liquidity pool downstream of this innovation. I'm sorry for getting the details. Let's just be bullish. It's bullish. Okay? Yeah. I got some things for you to not be bullish about. Crypto social, we got some news around Farquhar, Farcaster quitting social and focusing onto wallets. As it turns out, crypto has always been about assets and trading assets. So we're gonna talk about that and what that means. And then also, Ryan's gonna take us down perhaps memory lane about all of the three and four letter agencies that have done a one eighty pivot when it comes to the regulation around crypto. And so I'm excited for that part of this rollout. Yeah. Especially this. Okay? This week, SEC chair, Paul Atkins, the anti Gensler, said this. This is a direct quote I'm gonna give you. You ready for this? All US markets will be on chain within two years. Wow. He used the term on chain. On chain. Mean 100% of the markets, but there will be an instantiation of all US markets on chain within two years, which is a very short amount of time. No, David. All means all. He's saying all. You gotta take him out of all. Also, it's pretty funny that the OCC remember they were debanking people last cycle? Well, this time, they're getting …