4min chapter

Policy@McCombs cover image

Charles Calomiris on FinTech

Policy@McCombs

CHAPTER

Stable Coins - Is the Federal Government on the Side?

The incumbent banks, the democratic party and the federal reserve that wants to preserve its control over the payment system have common interest in putting sand into finte's gears. You just saw the bine administration nominate professor ome ova for the head of the o c c,. i think that's not a very good start for the person tha you wanted put in charge of regulating the banking system. So please, you know, everyone who's listening, take this to heart. We're expecting to report some time this month on what regulators should do with respect to stable coins.

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