Stablecoins, Web 3.0, and the Future of Crypto Regulation | Rep. Erin Houchin and Rep. Mike Flood

Hold These Truths with Dan Crenshaw

Dan Crenshaw

Politics, Energy, Healthcare, News, World, Society & Culture, Regulations, Finance, America, Freedom

4.6 • 16K Ratings

🗓️ 23 December 2024

⏱️ 45 minutes

🔗️ Recording | iTunes | RSS

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Summary

Rep. Erin Houchin and Rep. Mike Flood join the show to discuss crypto policy in Congress and under the next Trump Administration. They give Rep. Crenshaw the 101 on how crypto works and how U.S. dollar-backed stable coins could change the financial system. And they look at the implications of Web 3.0 on censorship, content creators, financial fraud, and China’s global power moves.

· The beginning of the crypto movement

· NFTs: the beanie babies of the internet

· The Canadian Trucker Strike

· Gary Gensler – “a fountain of bad ideas at the SEC”

· Regulatory authority in crypto markets

· Stablecoins 101

· Geopolitical implications of stablecoins

· Disconnecting from the banks

· President Trump’s Crypto Czar

· Evolution of internet regulation

· Web 3.0

· Facebook’s stranglehold on content creators and local news

· The Hawk Tuah Coin Scam

· Cabbage Patch dolls!

· FIT 21 – the House’s answer to crypto regulation

· Explaining blockchain technology

· Will quantum computers break crypto?

· Stablecoins and financial fraud

· China’s move to control the global stablecoin

Congresswoman Erin Houchin represents the 9th District of Indiana. She currently serves on the House Financial Services Committee, the House Rules Committee, and the House Education and Workforce Committee. And she was recently appointed to serve on the House Energy and Commerce Committee in the 119th Congress. Follow her on X at @RepHouchin.

Congressman Mike Flood represents the 1st District of Nebraska. He currently serves on the Financial Services Committee as well as the Housing and Insurance Subcommittee and the Digital Assets, Financial Technology and Inclusion Subcommittee. Follow him on X at @USRepMikeFlood.

Listen to Rep. Crenshaw’s past episodes on Bitcoin with Rep. Patrick McHenry and Peter McCormack.

Transcript

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0:00.0	We hold these truths to be self-evident.
0:02.1	That all men are creed.
0:04.0	As a member of Congress, I get to have a lot of really interesting people in the office.
0:07.3	Experts on what they're talking about.
0:08.9	This is the podcast for insights into the issues.
0:11.6	China, bioterrorism, Medicare for all, in-depth discussions, breaking it down into simple terms.
0:18.0	We hold.
0:18.7	We hold these truths.
0:20.1	We hold these truths. With Dan Crenshaw.
0:24.0	Welcome back, folks. Aaron, Mike, thanks for being on. So I'll introduce to exactly who you all are
0:30.2	in just a second. But for the audience listening, today's episode, which obviously you're going to
0:35.9	get five stars too. too otherwise why are you even
0:38.2	bothering um it's going to be about another great topic that i think is really high on people's
0:42.6	minds which is cryptocurrency um and from our perspective here in congress how do we actually
0:48.5	regulate it should we regulate it at what's going too far uh you mentioned before we were
0:53.8	talking some countries are ahead of us.
0:55.5	We're a little bit behind. I'm going to ask you, I don't even know what you mean by that.
0:59.3	I'm not on financial services, both of you are. So you deal with this on a daily basis.
1:03.8	And I think this conversation started because I overheard you just talking about it. And I was
1:10.0	like, you guys sound kind of smart on this issue.
1:11.7	Maybe we should do a podcast.
1:13.2	And that's why we're here.
	...

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