Jupiter Perps explained + Ripple Is Lobbying the SEC to Rewrite "Decentralization" | Ep 592

Good now revolutionaries — Evan and Alex take the show solo on Wednesday morning with Matthew joining mid-episode to help demystify perpetuals ahead of next Monday's trading contest. The lesson of the day: how to read a Pacifica order book, when maker vs. taker fees actually matter, and why a Jupiter JLP pool is basically a mini crypto ETF underwriting someone else's leverage. The regulatory block: Evan walks through Ripple's 20-page comment letter asking the SEC to carve out a bespoke defini...