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4min chapter
BCB022_JASON BRETT: Bitcoin Regulation and Legislation
Blue Collar Bitcoin
Stable Coins
Stable coins are being looked at by regulators in Washington, D.C., as a way of tying the dollar to Bitcoin. The SEC doesn't recognize stable coins but Gary Gensler did and it shows how quick he will be to regulate this whole space. But if you're putting a whole bunch of securities and bonds and we don't really have regulation around it, that technically probably is a security. That's what the people in the space are, right? So you have some fiat there, let it burn.
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