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CoinDesk Podcast Network

MONEY REIMAGINED: Twitterverse, Now ‘X’ in Chaos as Crypto Regulation Heats Up!

CoinDesk Podcast Network

CoinDesk

News, Daily News, Tech News, Business News

4.7698 Ratings

🗓️ 2 August 2023

⏱️ 28 minutes

🧾️ Download transcript

Summary

On this episode of “Money Reimagined,”  Michael Casey and Sheila Warren riff with each other on the latest fascinating topics in the crypto news cycle: the Federal Reserve's FEDNOW project, crypto regulation, the monopoly of the dollar, stablecoin legislation, MiCA, Elon Musk and much more.  Links:  Fed Dramatically Speeds Up U.S. Payments With FedNow, but Downplays Any Tie to CBDCs Don’t Pop the Champagne on U.S. Crypto Bills – Progress in Congress Has Been Costly Stablecoin Issuers Urged to Anticipate MiCA Rules by EU Banking Agency Is It Finally Time to ‘X-it’ Twitter for Threads? Twitter Is Dead. Long Live Crypto Twitter? Summary List Federal Reserve, the FED NOW project for faster payments. | Bipartisan consensus on crypto. 1:05 | The monopoly of the dollar. 3:16 | The form factor of programmable money. 6:38  | Issues with stablecoin legislation. 8:09 | The power dynamic between the agencies. 12:43 | Positive takeaways from the legislation. 18:56 | What happens to crypto Twitter now? 23:09 | The battle over threads. 25:07 Money Reimagined has been produced and edited by senior producer Michele Musso and our executive producer is Jared Schwartz. Our theme song is “AITA” by Neon Beach. 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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0:00.0

Money is changing, both in form and function.

0:13.0

Money Reimagined is about the changing nature of money, digital currencies, and various topics related to finance, blockchain technology, artificial intelligence,

0:22.9

and more.

0:24.0

Michael Casey and Sheila Warren walk us through the dynamic and evolving nature of the global economy

0:29.5

and the implications for businesses, governments, and individuals as they must adapt to new

0:34.5

payment methods and technologies. Welcome to Money Reimagined.

0:41.3

Welcome to Money Reimagined. I'm Sheila Warren.

0:44.3

A reminder to listen to us weekly on the Coin Desk Podcast Network

0:47.3

or wherever you get your podcasts.

0:49.3

And we'd love to hear from you. Tell us what you think.

0:52.3

Email us at Podcasts at CoinDesk.com subject line

0:55.2

money reimagined. This week, you've got Michael and I doing one of our riffs on the

1:00.1

weekend review and what's happening in the crypto ecosystem. It's been a wild week with

1:05.6

tremendous activity coming out of Congress, United States. We also had the launch of Fed now.

1:13.3

We also have movement on some of the cases that have been making their way through the courts. Michael, where should we start?

1:18.5

Well, look, they're all sort of marchness in a way. They all get to this question about policy and

1:22.5

regulation and government involvement in the crypto space. And Fed now being obviously the project for faster payments launched by the Federal Reserve.

1:30.2

It's got to your wheelhouse.

1:31.3

Let's look at those bills that have come making some progress now, a couple of them in the house.

1:37.8

It feels like the very fact that it's happening is good.

1:40.5

There is some degree of consensus.

1:42.5

I think it was the broad crypto bill, the one

...

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