Weekly Roundup 07/29/22 (Physical NFTs, SEC investigates Coinbase, Stablecoin Legislation) (EP.337)
On The Brink with Castle Island
Stable Coins - Is This a by Partisan Bill?
There is a bright spot on the regulatory side with this proposed by partisan stable coin legislation. The whispers are that this bill actually might have a chance to pass this year, 20 22, in the fall a and there's some really good stuff in it. They non bank stable coins could be licensed and supervised by, for instance, the federal reserve. There would be tests for approval, liquidity, capital, a liquidation, a scenarios.
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