In this episode, Bryan Jacoutot dives into the process leading to the approval of a bitcoin ETF, comparing this journey with the potential pathway for an Ethereum ETF to receive approval. He touches on the Ethereum Foundation investigation, what would happen if ethereum is declared an unregistered security, and how ethereum’s proof of stake consensus mechanism may play a role in the approval process. Last, he suggests what may be the biggest threat to bitcoin and how the United States and bitcoin may evolve together. SUPPORT THE PODCAST: → Subscribe → Leave a review → Share the show out with your friends and family → Send us an email [email protected] TIMESTAMPS: 00:00:00 Intro 00:01:04 Bitcoin ETF approval vs Ethereum ETF approval 00:08:27 Reasonable concerns for not approving the bitcoin ETF for years? 00:13:56 What happens if ETH is declared an unregistered security? 00:18:24 Proof of Work vs Proof of Stake—commodity vs security 00:26:40 Was ETH not declared an unregistered security because it went up so much? 00:31:50 Security vs commodity? Truly binary? 00:36:36 Slashing in PoS and ETFs 00:38:38 Forks and ETFs 00:40:34 Biggest threat to bitcoin? 00:46:00 Bitcoin’s role in presidential and local elections 00:49:00 Will bitcoin bear markets eventually cause financial system instability? 00:50:52 United States and bitcoin—freedom values 00:54:15 Closing thoughts WHERE TO FOLLOW US: → Unchained Twitter: https://twitter.com/unchainedcom → Unchained Linkedin: https://www.linkedin.com/company/unchainedcom  → Unchained Newsletter: https://unchained.com/newsletter  → Joe Burnett’s Twitter: https://twitter.com/IIICapital → Bryan Jacoutot’s Twitter: https://twitter.com/BryanJacoutot