Stablecoins and the Fight for a Level Playing Field
Cato Daily Podcast
Cato Institute
4.6 • 949 Ratings
🗓️ 15 July 2025
⏱️ 29 minutes
🧾️ Download transcript
Summary
What are stablecoins, how do they work, and what does the future hold for these innovative financial instruments? Join Norbert Michel and Jennifer Schulp from the Cato Institute's Center for Monetary and Financial Alternatives as they delve into the evolving landscape of stablecoin legislation. Whether you're a seasoned crypto enthusiast or just curious about digital currencies, this discussion will provide valuable insights into the regulatory environment and the potential impacts on the financial system.
Show Notes:
Jennifer J. Shculp, "Stablecoin Bills Galore, but How Do They Stack Up?", cato.org, February 27, 2025
Jennifer J. Schulp, "Stablecoin Legislation Must Ensure Financial Privacy", CoinDesk, April 24, 2025
Norbert Michel, "The GENIUS Act Is a Good Start, But Congress Could Make It Smarter", Forbes, June 4, 2025
Jennider J. Schulp and Eleanor Mueller, "Stablecoins, Market Structure, and More – Evaluating the Crypto Legislative Landscape", Cato Institute Live Event, June 17, 2025
Hosted on Acast. See acast.com/privacy for more information.
Transcript
Click on a timestamp to play from that location
| 0:00.0 | Hi, I'm Norbert Michelle. I'm Director of the Cato Institute's Center for Monetary and Financial Alternatives. |
| 0:15.5 | And I'm Jennifer Schult, the Director of Financial Regulation Studies in the same center for |
| 0:20.8 | monetary and financial alternatives. |
| 0:22.8 | And we're here today to talk a little bit about some of the cryptocurrency and really |
| 0:28.9 | stablecoin legislation that's going on right now and kind of what the landscape is for |
| 0:33.8 | the stable coin regulatory environment. |
| 0:37.4 | That's been bubbling for quite a while. |
| 0:40.1 | With the election of President Trump to this term, |
| 0:43.5 | there's been a lot of speculation about how things would change. |
| 0:47.9 | And it looks like there's, at the very least, going to be some change to the landscape because of |
| 0:55.7 | legislation on stable coins and we're going to talk a little bit about that and what we think |
| 1:04.1 | the prospects are what we think it should go where we think it's going and and we're going to |
| 1:10.4 | start though with what exactly is a stable |
| 1:12.9 | coin? And we're going to let Jen do that. It's good to start with the basics. So when we think |
| 1:20.8 | about cryptocurrency, we think about a lot of things. And one of the first things that comes to |
| 1:25.9 | mind is Bitcoin, is kind of the world's |
| 1:28.3 | most famous cryptocurrency. Bitcoin is also famous for being kind of volatile. You never know |
| 1:35.9 | where the price is going to be. Now it's up over $100,000 a coin. That could change tomorrow. |
| 1:43.7 | And that makes something like Bitcoin difficult to use as a currency. |
| 1:50.6 | So when we think about cryptocurrencies, you think about currency. |
| 1:55.4 | Stable coins are what in crypto kind of fills that gap. |
| 2:04.4 | A stable coin is meant to maintain a stable value, |
... |
Please login to see the full transcript.
Disclaimer: The podcast and artwork embedded on this page are from Cato Institute, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of Cato Institute and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2025.