Stablecoin Crackdown - Bad News For Feb 16, 2023

The Bad Crypto Podcast

Joel Comm and Travis Wright

Tech News, Business, News, Technology, Investing

4.7 • 1.2K Ratings

🗓️ 17 February 2023

⏱️ 32 minutes

🔗️ Recording | iTunes | RSS

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Summary

The thing about stablecoins is that they are designed to be stable. When all else fails in the crypto market, $1 should equal $1. That is, until they don’t. Like if you are Do Kwon and your UST collapses by pegging your currency to an overleveraged crypto. Or, until the SEC gets involved and brings instability to the space.

Crypto staking is also in the sights of the government as rumors circle about circle’s USDC. Is Coinbase ready for a battle?

And Senator Cruz may be on to something as he proposes vending machines in the Capital building that take crypto as payment.

We like snacks. And we like you. Thanks for joining us for our Stablecoin Crackdown episode #668 of The Bad Crypto Podcast.

FULL SHOW NOTES: https://badco.in/668

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DISCLAIMER:

Do your own due diligence and research. Neither Joel Comm, Zach Comm nor Travis Wright are FINANCIAL ADVISORS.

We are sharing our journey with you as we learn more about this crazy little thing called cryptocurrency. We make NO RECOMMENDATIONS. Don't take anything we say as gospel. Do not come to our homes with pitchforks because you lost money by listening to us.

We only share with you what we are learning and what we are investing it. We will never "pump or dump" any cryptocurrencies. Take what we say with a grain of salt. You must research this stuff on your own! Just know that we will always strive for RADICAL TRANSPARENCY with any show associations.

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Transcript

Click on a timestamp to play from that location

0:00.0	The thing about stablecoins is that they're designed to be stable.
0:04.1	When all else fails in your crypto market, $1 should equal $1.
0:08.8	That is, until it doesn't.
0:10.8	Like if you're doquan in your USD collapses by pegging your currency to an over leveraged
0:16.3	crypto, or until the SEC gets involved and brings instability into the space.
0:22.5	Crypto Staking is also in the sites of the government as rumors circle about circles USDC.
0:29.0	This coinbase is ready for a battle, and Senator Cruz may be on to something as he proposes
0:33.9	vending machines in the capital building that take crypto for payment.
0:38.5	We like snacks, and we like you.
0:40.6	So thanks for joining us for our stablecoin crackdown episode number 668 of the Bad
0:48.1	Crypto Podcast.
0:57.8	It's a crackdown, so don't you back down because it's a smackdown, but put your crack
1:22.8	down.
1:23.8	We're not doing crack.
1:24.8	It's a crackdown, it's not a crackdown, it's not in your crackdown, hey, welcome to
1:34.1	the Bad Crypto Podcast, the show for the crypto curious and the crypto serious, and how
1:39.0	about those chiefs?
1:40.8	Yes, and notice the colors of the Bad Crypto Podcast are black and red and white, which
1:47.1	is pretty convenient whenever we win zero rolls.
1:50.9	Well, there's no, no, we're not winning zero rolls.
1:54.2	However, I took my son to the Super Bowl, and it was awesome.
1:57.9	It was a pretty good time, and that happened, and now let's talk about some crypto things
	...

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