The Gray Area with Sean Illing cover image

Stripe CEO Patrick Collison on management, rationalism, and the enlightenment

The Gray Area with Sean Illing

00:00

The Problem With Regulation

Stripe CEO: Regulators are not the problem, it's more structural. We have largely outlawed the creation of new banks. It is increasingly somewhere between prohibitive and impossible to attempt to do something to solve this problem. And so we're here trying to figure out what's the digital version of this? How do you verify identities at scale? These regulations were all crafted back when identity verification meant utility statements presented in person at a bank.

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