4.8 • 1.1K Ratings
🗓️ 28 August 2024
⏱️ 62 minutes
🧾️ Download transcript
It’s been a while since former Speaker of the House Paul Ryan was in the public spotlight, but in this episode, we discover his surprising stance: he’s bullish on crypto! In fact, he believes that crypto could be crucial in staving off a U.S. debt crisis. We dive deep into his core argument and explore a range of related topics, such as:
- America’s debt crisis
- The potential loss of the U.S. reserve currency status
- How crypto could help the U.S. stay ahead of China
- Why the left is anti-crypto
- Crypto under a Trump vs. Kamala’s administration
This episode highlights how crypto is becoming an essential issue in Washington. Tune in for a comprehensive look at crypto’s growing influence on U.S. politics and beyond.
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TIMESTAMPS
0:00 Intro
5:11 Why Politics Are Messier
7:36 Being Speaker of the House
11:27 Paul’s WSJ Stablecoin Op-Ed
16:47 Paul’s Intro to Crypto
18:54 U.S. Debt Crisis
26:05 Losing Reserve Currency
28:29 CBDCs vs. Stablecoins
38:06 KYC Stablecoins & Legislation
43:27 Anti-Crypto Army
46:16 Is the Left Anti-Crypto?
51:03 Right vs. Left Crypto Adoption
55:50 Kamala vs. Trump
58:49 Advice to Bankless Listeners
1:01:18 Closing & Disclaimers
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RESOURCES
Paul Ryan
https://x.com/speakerryan
WSJ Article
https://www.wsj.com/articles/stablecoins-could-stave-off-a-us-debt-crisis-china-digital-currency-c491d717
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https://www.bankless.com/disclosures
Click on a timestamp to play from that location
0:00.0 | Welcome to Bankless, where today we explore how crypto can stave off a US debt crisis. |
0:09.0 | This is Ryan Sean Adams. I'm here with David Hoffman and we're here to help you become more bankless. |
0:14.8 | Now it's been a while since Paul Ryan has been in the public spotlight let's say |
0:19.7 | but it turns out that this former speaker of the House is bullish on crypto. |
0:24.4 | In fact, he says in today's episode, crypto is necessary to stave off a US debt crisis. |
0:30.6 | We get into the core of that argument and we also talk about a few other things like |
0:35.2 | America's debt crisis and why it matters. The loss of the US reserve currency status |
0:40.0 | and what that means. How crypto can help the US win against China, why the left has been so anti-crypto, |
0:46.8 | and how we can make crypto bipartisan, and crypto in a Trump White House versus a Kamala Harris White House. |
0:53.4 | I think this episode is emblematic of how crypto is becoming such a big deal for almost anyone in Capitol Hill, |
1:00.4 | anyone related to governance. |
1:02.4 | Paul Ryan, I did not know that he was a Capital Hill, anyone related to governance. |
1:03.2 | Paul Ryan, I did not know that he was a crypto person. |
1:05.8 | No one knew that he was a crypto person until he wrote this op ed about the potential of |
1:10.2 | alignment between the United States and Stable coins back in June of this year. |
1:15.0 | And I think this is slowly emblematic of how every single politician is going to ultimately have to have an opinion about crypto. |
1:22.0 | And here today on the episode you're going to hear about Paul Ryan's opinion, about |
1:26.2 | stable coins and what we can do with them in the United States. |
1:29.1 | So let's go ahead to get right into that episode, but first a moment to talk about some of these |
1:32.1 | fantastic sponsors |
1:33.2 | that make this show possible especially where a place where you can buy or trade or sell or |
1:38.0 | send stable coins crack it if you do not have an account with crack and consider |
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