The battle over Stablecoin regulation (Crypto Series Part XXXIII)
This is part 33 of the crypto series. In this episode we cover the battle over stablecoin regulation as bankers and crypto firms continue to argue over the finer points of The Genius Act and The Clarity Act. On the banker’s side, there is a real concern that if Stablecoins are allowed to pay interest, rewards, or annual yield payouts, that will cause a drain on bank deposits. On the crypto side, players like Coinbase have a legitimate complaint against bankers and the banking lobby for making the legislation in a way that only benefits them. Other news covered includes BlackRock sees a change…
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