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Brookings’ Klein on Stablecoin’s Downsides, CBDC Myths and More Fed Cowbell

Banking with Interest

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Is the CBDC Inevitable?

Congressman McHenry is pushing legislation that would empower the Fed to regulate stablecoins. I think there's going to be a tension among Republican leadership about how many more accomplishments and bills they want Biden to be able to point to. So, you know, we'll see. Let's we're taping this pre-election. I don't know if it'll air pre or post, but I assume most folks will listen to a post election. And it's very dangerous to make predictions. But I'd say to say that most people think the Republicans will win the House, if not the House and the Senate. Right? Exactly.

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