MARKETS DAILY: Featured Story | The Stablecoin Bill Is a Vital Upgrade for U.S. Financial Plumbing

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4.7 • 698 Ratings

🗓️ 22 October 2023

⏱️ 7 minutes

🔗️ Recording | iTunes | RSS

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Summary

The Clarity for Payment Stablecoins bill is sensible legislation for technology that could help millions of people, says Circle’s Heath Tarbert, the former chair of the U.S. Commodity Futures Trading Commission. Today's episode is sponsored by CME Group. Today’s featured story is an opinion piece from Heath Tarbert, titled: “The Stablecoin Bill Is a Vital Upgrade for US Financial Plumbing.” - From our sponsors: CME Group Cryptocurrency futures and options provide market-leading liquidity for bitcoin and ether trading. These cash-settled contracts give full exposure to crypto performance without the hassle of holding the physical position. No digital wallet? No problem. Trade nearly 24/7 in a transparent, CFTC-regulated market. Visit cmegroup.com/crypto to learn more. Disclaimer: This communication is not directed to investors located in any particular jurisdiction and is not intended to be accessed by recipients based in jurisdictions in which distribution is not permitted. The information herein should not be considered investment advice or the results of actual market experience. Past results are not necessarily indicative of future performance. Trading derivatives products involves the risk of loss. Please consider carefully whether futures or options are appropriate to your financial situation. - This episode was hosted by Noelle Acheson. “Markets Daily” is executive produced by Jared Schwartz and produced and edited by Eleanor Pahl. All original music by Doc Blust and Colin Mealey. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Transcript

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0:49.6	This episode of Markets Daily is sponsored by CME Group.
1:01.3	Hello, this is Markets Daily from Coin Desk.
1:04.0	I'm Noel Atchison here with your featured story.
1:09.5	On today's show, we focus on the potential impact of stable coin legislation in the US.
1:13.3	We will be using Wondercraft AI voice for this episode.
1:29.5	Today's featured story is by Heath Tarbert, Chief Legal Officer at Circle and former chairman of the CFTC. Its title is,
1:36.1	The Stable Coin Bill is a vital upgrade for U.S. financial plumbing. Fifteen years ago, Lehman Brothers collapsed, destroying the retirement savings of millions of Americans. Congress and the White
1:41.2	House responded to the ensuing financial crisis by passing the Dodd-Frank Act,
1:45.7	which was meant to strengthen the financial system and protect consumers.
1:49.9	Today, digital currencies are poised to upgrade America's decades-old financial plumbing,
1:54.5	bolster the U.S. dollar, and make it easier, faster, and cheaper for families and businesses
1:59.7	to send, spend, lend, and exchange their money.
	...

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