CoinDesk Podcast Network

On this episode of CoinDesk's Public Keys from the New York Stock Exchange, host Jennifer Sanasie is joined by Ram Ahluwalia, CEO and Founder of Lumida, who makes a non-consensus case that the Fed will hold rather than hike at its September meeting, and argues that AI has more room to run than crypto as capital rotates between the two. Then Joris Delanoue, CEO of Fairmint, breaks down the SEC's proposed overhaul of transfer-agent rules, the first in decades, which could let a blockchain serve as the official record of securities ownership. He unpacks the three models of tokenized equities, the AMC–Robinhood stock-token dispute, and why a single source of truth matters for the issuer-shareholder relationship. Plus, a look at ETF flows, with bitcoin ETFs posting their worst week since July and ether ETFs drawing net inflows.

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Learn more at bullish.com.

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Register now for CoinDesk's Policy and Regulation event on September 22, 2026: policy-regulation.coindesk.com.

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Chapters/Timecodes:

00:00 Welcome to Public Keys

00:21 Crypto Green as AI Stocks Sell Off, Oil Tops $100

00:47 Lumida's Ram Ahluwalia on the Macro Picture

01:23 The Non-Consensus Call: No Rate Hike Coming

03:26 Anthropic's Coming S1 and the AI "Nothing Burger"

04:46 Why AI Has More Room to Run Than Crypto

06:58 Tokenization, DeFi, and the CLARITY Act

08:30 Ahluwalia's Top AI Plays and Midterm Positioning

10:27 SEC Proposes Biggest Transfer-Agent Overhaul in Decades

10:42 Fairmint's Joris Delanoue Joins

11:41 The Tokenization Paper-Crisis Parallel

12:43 Three Models of Tokenized Equities

15:17 The AMC–Robinhood Fight Over Stock Tokens

16:19 Fixing the Issuer-Shareholder Disconnect

18:38 Educating CEOs on What Tokenization Unlocks

20:31 ETF Flows: BTC Bleeds $463M, ETH Gains $197M

Trump agrees to stricter ethics rules for CLARITY Act.

President Trump agreed to about 80% of a stricter ethics package tied to the Clarity Act, clearing a path for a Senate cloture vote Tuesday. The deal lets state attorneys general enforce the law and forces elected officials, spouses, and federal judges to divest or blind-trust any significant crypto stake. CoinDesk's Uyen Truong hosts "CoinDesk Daily."

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This episode is brought to you by RealFi, a smarter stablecoin, backed by real-world assets. Find out more at⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ realfi.co⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠.

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This episode is brought to you by Grayscale, the world's largest digital asset-focused investment platform. Grayscale's mission is to make digital asset investing simple and open to every investor. Learn more at grayscale.com.

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This episode was hosted by Jennifer Sanasie. “CoinDesk Daily” is produced by Jennifer Sanasie and edited by Victor Chen.

Kalshi wants 24/7 Tesla, Apple, and Nvidia perps.

Kalshi is seeking approval for roughly 60 perpetual futures tied to individual stocks and ETFs, including Tesla, Apple, and Nvidia — which would be the first regulated single-stock perps in the U.S. The plan is already igniting a fight over whether the CFTC or SEC should regulate them. CoinDesk's Jennifer Sanasie hosts "CoinDesk Daily."

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This episode is brought to you by RealFi, a smarter stablecoin, backed by real-world assets. Find out more at⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ realfi.co⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠.

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This episode is brought to you by Grayscale, the world's largest digital asset-focused investment platform. Grayscale's mission is to make digital asset investing simple and open to every investor. Learn more at grayscale.com.

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This episode was hosted by Jennifer Sanasie. “CoinDesk Daily” is produced by Jennifer Sanasie and edited by Victor Chen.

CoinDesk's The Policy Protocol hosts Rebecca Rettig and Renato Mariotti open on the AMC–Robinhood tokenization showdown playing out on X and "CLARITY Act death watch," before sitting down with Cody Carbone, CEO of the Digital Chamber. Carbone argues the bill's fate comes down to ethics and that the White House and President Trump himself will have to weigh in publicly on the Tillis–Gallego ethics proposal to get to 60 votes. He also lays out the contingency plan if CLARITY stalls and breaks down the Digital Chamber's lawsuit against Illinois' new crypto tax. Plus, Rebecca and Renato debrief on why spot-market authority survives even if CLARITY doesn't, and name LeBron James, and the wave of celebrity prediction-market deals, as their Person of the Week.

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This episode is brought to you by Grayscale, the world's largest digital asset-focused investment platform. Grayscale's mission is to make digital asset investing simple and open to every investor. Learn more at grayscale.com.

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This episode is brought to you by RealFi, a smarter stablecoin, backed by real-world assets. Join the Testnet now at realfi.co.

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Register now for CoinDesk's Policy and Regulation event on September 22, 2026: policy-regulation.coindesk.com.

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Chapters/Timecodes:

00:00 Welcome to The Policy Protocol

02:54 The AMC–Robinhood Tokenization Showdown

05:18 Can AMC Actually Sue? Renato's Litigation Read

07:41 CLARITY Act Death Watch

10:15 Why Reg Crypto Isn't Enough Without Market Structure

11:06 Cody Carbone, CEO of the Digital Chamber Joins

12:03 Ethics, Ethics, Ethics: Will the White House Weigh In?

15:25 What Happens to Crypto Policy if Clarity Fails?

17:42 Federal Preemption and the Illinois Crypto Tax Fight

20:51 The Convergence of TradFi and Digital Finance

23:32 Rebecca and Renato Debrief on Spot Authority

24:37 Person of the Week: LeBron James and Prediction Markets

Ran Neuner, Founder of Crypto Banter, joins Coindesk’s Jennifer Sanasie on Markets Outlook with charts in hand to explain why Bitcoin's pullback from $82K is textbook post-golden-cross behavior, and why he thinks the real story is what comes next. Neuner breaks down Scott Bessent's Treasury buybacks as the engine of the rally, why ETH just broke a nine-year downtrend against Bitcoin, and why he's rotating out of layer ones and into apps with real users and revenue.

Plus, Energy Substantiation Co-Founder Wil Harris joins Brand New Rails to explain why hard-to-custody assets, like oil, are tokenization's real frontier.

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This episode is brought to you by Grayscale, the world's largest digital asset-focused investment platform. Grayscale's mission is to make digital asset investing simple and open to every investor. Learn more at grayscale.com.

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This episode is brought to you by RealFi, a smarter stablecoin, backed by real-world assets. Join the Testnet now at realfi.co.

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Timecodes:

00:00 - Ran Neuner Joins Markets Outlook

00:45 - The Golden Cross and Bitcoin's Pullback

02:31 - Bessent's Buybacks and Why $6B Disappointed the Market

03:56 - Oil, the War, and Trump's $1.4T Stimulus Promise

06:47 - Brand New Rails: Tokenized WTI Crude Oil

09:37 - "Crypto's Biggest Bull Market Ever"

11:33 - ETH Breaks a Nine-Year Downtrend Against Bitcoin

14:03 - Altcoins to 7X Bitcoin? Crypto's Product Market Fit

18:02 - Why AI Agents Are Crypto's Real Use Case

19:54 - What Makes an Altcoin Win: Users, Revenue, Buybacks