A Combative, Contentious Hearing Moves Stablecoin Legislation Forward

The Breakdown

Blockworks

Investing, Business

4.8 • 806 Ratings

🗓️ 28 July 2023

⏱️ 15 minutes

🔗️ Recording | iTunes | RSS

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Summary

Crypto's big policy week continued with the House Financial Services Committee advancing stablecoin legislation after a torturous 12-hour markup session. Today's Episode Sponsored By: In Wolf's Clothing -- The first startup accelerator exclusively for Bitcoin and Lightning startups -- Applications for Cohort 3 open NOW -- https://wolfnyc.com/apply ** Enjoying this content? SUBSCRIBE to the Podcast: https://pod.link/1438693620 Watch on YouTube: https://www.youtube.com/nathanielwhittemorecrypto Subscribeto the newsletter: https://breakdown.beehiiv.com/ Join the discussion: https://discord.gg/VrKRrfKCz8 Follow on Twitter: NLW: https://twitter.com/nlw Breakdown: https://twitter.com/BreakdownNLW

Transcript

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0:00.0	Welcome back to The Breakdown with me, NLW.
0:09.0	It's a daily podcast on Macro, Bitcoin, and the Big Picture Power Shifts remaking our world.
0:19.0	What's going on, guys? It is Friday, July 28th, and today we are talking about a wild
0:23.5	dragout, stable coin fight in Congress. Before we get into that, however, if you are enjoying
0:28.6	the breakdown, maybe you want to be a part of it. A couple different things that I am looking
0:33.8	for currently for part of the breakdown network. One is I am continuing to look for
0:38.6	folks who want to get into sales. This is something that I'm super deeply personally involved in,
0:43.8	and I'm looking for someone to join the team, and you don't necessarily have to have a lot of
0:47.7	sales experience. All that's required is hustle and good communication and the desire to
0:52.4	really go build something great.
0:59.4	Second role I am looking for is actually specific to the AI show. I am looking for an overnight researcher, so probably someone who is in the APAC region or Australia. So if either of these
1:05.4	sound like you or if you have more questions, send a note to Jobs at Breakdown.network.
1:12.9	And the one other super quick thing.
1:17.5	Today's breakdown is once again brought to you by In Wolf's Clothing, the first startup accelerator for Bitcoin and Lightning companies. This is a program that's in New York City
1:22.1	comes with mentorship, funding, access to other great companies. If you are out there trying to build the future of
1:28.4	Bitcoin and Lightning, or trying to bring Bitcoin and Lightning to other industries, this is a
1:33.0	program you need to seriously consider and check out. Go to Wolf-NyC.com to learn more about the
1:38.2	program, and if it seems like it might be a fit, they are accepting applications right now for
1:42.6	their third cohort, but the deadline is coming up
1:44.8	soon, August 4th. Again, check it out at wolfnYC.com, and thanks to those guys for sponsoring the
1:50.4	breakdown. But with that, let's get into the show. We obviously just came off a very historic day
1:56.8	in Congress with the advancement of the Fit Act, and that was filed by another day focused on
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