Welcome to Crypto Long & Short, our institutional newsletter offering insights, news, and analysis for professional investors. This week, we delve into the pressing issue of digital identity and the role of state-led systems in preventing fraud. Tricia Gallagher, founder and principal of Treasury Solutions Info Tech, argues that the current approach to digital identity is flawed, with individuals having limited control over their personal data. She contends that a state-led approach, where individuals have agency over their identity and data, is essential for building trust and preventing fraud.
Gallagher cites the example of Utah, which has introduced a Digital Identity Bill of Rights, as a model for other states to follow. The newsletter also features expert insights from Francisco Rodrigues, who highlights significant developments in geopolitics, global regulation, and decentralized finance. Additionally, the Chart of the Week section examines the surge in crypto Trading Card Game gacha volumes and the CARDS token.