In 2025, keep reference data weird
The SEC, ESMA, CFTC and other acronyms provided the drama in reference data this year, including in crypto.
At the start of December, I made my way for the first time to Paris, where—quite expectedly—I drank pinot noir, indulged in authentic French onion soup, marveled at a glittering Eiffel Tower, and was mildly disappointed by the Mona Lisa. More unexpectedly, I found that, besides both possessing a disposition of general disdain, the French and I have a second shared interest, which was revealed by the many libraries and bookstores dedicated solely to the esoteric—the intersection of the mystical
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