On November 18, Christian Catalini, co-founder and chief strategy officer of Lightspark and founder of the MIT Cryptoeconomics Lab (who was also a co-founder of the failed Diem/Libra project), shared his thoughts on U.S. debt, the proposed Bitcoin strategic reserve, and calls to replace Federal Reserve Chairperson Jerome Powell. Catalini argues that, despite some market disinformation, the US is not, in fact, on the brink of a debt crisis. More broadly, the world has accumulated debt, especially after the 2008 global financial crisis. While this does not mean that over-indebtedness is a good thing, it is a common problem that almost every country must address in some way. But if the removal of Powell in January undermines the institutional credibility of the SEC and weakens the dollar, it will raise doubts about the market's ability to sustain debt. If bitcoin does become a strategic reserve asset in the future, it could mark the "end of the Federal Reserve's leadership in global monetary policy".