The Case for U.S. Stablecoin Regulation

The Breakdown

Blockworks

Investing, Business

4.8 • 806 Ratings

🗓️ 21 April 2023

⏱️ 20 minutes

🔗️ Recording | iTunes | RSS

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Summary

Last year, the first crypto legislation was supposed to be common-sense rules for stablecoins. The two political parties couldn’t come together, however, and the legislation was scrapped. Now, the House Republicans have reintroduced a draft, and on Wednesday held a hearing that featured witnesses including the Blockchain Association’s Jake Chervinsky and stablecoin expert (and recent “The Breakdown” guest) Austin Campbell. Enjoying this content? SUBSCRIBE to the Podcast Apple: https://podcasts.apple.com/podcast/id1438693620?at=1000lSDb Spotify: https://open.spotify.com/show/538vuul1PuorUDwgkC8JWF?si=ddSvD-HST2e_E7wgxcjtfQ Google: https://podcasts.google.com/feed/aHR0cHM6Ly9ubHdjcnlwdG8ubGlic3luLmNvbS9yc3M= Join the discussion: https://discord.gg/VrKRrfKCz8 Follow on Twitter: NLW: https://twitter.com/nlw Breakdown: https://twitter.com/BreakdownNLW “The Breakdown” is written, produced and narrated by Nathaniel Whittemore aka NLW, with editing by Michele Musso and research by Scott Hill. Jared Schwartz is our executive producer and our theme music is “Countdown” by Neon Beach. Music behind our sponsor today is “Foothill Blvd” by Sam Barsh. Join the discussion at discord.gg/VrKRrfKCz8.

Transcript

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0:00.0	In the wake of one of the most tumultuous years in crypto history, the conversations happening at
0:05.7	Consensus 2030 have never been more timely and important. This April, CoinDess is bringing
0:10.7	together all sides of the crypto, blockchain, and Web3 community to find solutions to crypto's
0:15.1	thornyest challenges, and finally deliver on the technology's transformative potential. Join developers,
0:20.5	investors, founders, brands, policymakers, and more in Austin, Texas, April 26th to 28th for Consensus 2023.
0:27.3	Listeners of the breakdown can take 15% off registration with code breakdown.
0:31.8	Register now at consensus.coindus.com and join CoinDesk at Consensus 2023.
0:43.1	Thank you. JoinDest.com and join CoinDest at Consensus 2020. Welcome back to The Breakdown with me, NLW.
0:47.3	It's a daily podcast on macro, Bitcoin, and the big picture power shifts remaking our world.
0:53.3	The breakdown is produced and distributed by CoinDesk.
0:58.2	What's going on, guys?
0:59.4	It is Thursday, April 20th, and today we are on day two of congressional hearings,
1:04.3	and this one may be a little bit more constructive.
1:07.1	A quick note before we dive in,
1:08.5	we are now down to our final few days on the CoinDesk Podcast Network feed.
1:13.1	Yes, last week I announced the Breakdown Network, which includes news shows and for the Breakdown Main Show, a shift away from the Coin Desk Podcast Network, which has been our partner for the last few years.
1:23.6	If you listen to The Breakdown on the CoinDesk Podcast Network, you need to switch over to the
1:27.7	breakdown-only feed, which you can find anywhere you listen to podcasts. Sunday, April 23rd,
1:32.9	will be the last day you can hear this show on the CoinDest Network. Thanks again to CoinDask
1:37.6	for the years of great partnership. And so looking forward to everything that comes ahead.
1:42.9	All right. So like I said, we are in day two of crypto-related hearings.
1:47.8	This hearing seemed to have the potential to be a little bit more productive, let's say,
	...

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