Weekly Roundup 04/21/23 (Harberger taxes, SEC v Bittrex, stablecoin hearing) (EP.419)
On The Brink with Castle Island
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The Importance of Stable Coins
Stephen Lynch said that only federally chartered banks should be able to do these stable coins. Richie Torres, out of New York, said that we're not going forward with any regulation here which allows the state trust from being cut out of the party here. I thought that was a pretty disappointing turn of events. The capital markets are telling you that it's an important technology. There's tons of money going into it. And users are telling youthat it's animportant technology. So even if you don't understand it, that doesn't mean you're allowed to invalidate it. That's not how this works.
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Transcript
