4.8 • 689 Ratings
🗓️ 29 May 2025
⏱️ 16 minutes
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Recorded live from the Global Dollar Network event, Network Effect in New York City please enjoy this conversation with Mike Dudas, Founding and Managing Partner, 6th Man Ventures and CoinDesk Indices' Andy Baehr.
#stablecoin #digitalfinance #finance #crypto #GlobalDollarNetwork
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0:00.0 | We're here at Network Effect with the Global Dollar Network. I'm Andy Baer, the head of product and research at CoinDest. |
0:10.0 | He's here with Mike Dudas, and we just had four panels. You were on one of them today at this half-day event with a bunch of stable coin enthusiasts and people around the global dollar network. |
0:21.8 | What did you think of the event so far? |
0:24.1 | So I have really enjoyed it. |
0:26.0 | I like that we're in a new era where we have stable coin enthusiasts. |
0:31.6 | That's not something that I think we ever could have imagined five, six years ago. |
0:35.6 | And we're at a really |
0:38.4 | pivotal moment, you know, for stable coins. Obviously, the U.S. Senate is pushing forward |
0:45.6 | the Genius Act, which will give a framework for stable coins in the U.S. the way that that |
0:50.5 | ties to the global dollar network is that it gives a framework for institutions, |
0:57.0 | banks, folks who have been hesitant to participate on public blockchains to jump in. |
1:03.0 | So you can kind of sense that in the room today. |
1:06.0 | There were big financial institutions like FISA, you know, PayPal who's been in the space for a long time, |
1:12.6 | traditional, you know, cross river, a bank. So it was exciting to see that. And, you know, a year ago, |
1:19.1 | if you talked about stable coins and you were one of those institutions, you know, under the Gary Gensler, |
1:24.2 | SEC, Elizabeth Warren, you know, administration effectively, you would almost |
1:29.8 | be viewed as a criminal for doing any business on chain. |
1:35.4 | And, you know, we're all familiar with Operation Choke Point, which made very difficult for |
1:38.9 | crypto businesses and individuals to have bank accounts. |
1:42.3 | I dealt with this personally and professionally over a number of years. |
1:46.2 | So it's a really exciting time. The enthusiasts in the room, the reason people are excited is because |
1:51.8 | it feels like we're on the other side and the numbers back that up. So I think we're up to |
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