The Future of Money

5min Snip

00:00

Play full episode

Summary

Transcript

Episode notes

The treasury is the largest, most important financial related government agency. It deals with not only technology and payments, but also everything related to financial crime or national security. If you were talking about trying to create a cash-like instrument, the entity with the experience making cash is the treasury. The same Mint Director who created the statute that authorizes the platinum coin was 20 years ahead of this whole debate.

Rohan Grey is an assistant professor at Willamette University College of Law and has been involved in the world of politics and government as it relates to our public money systems.

You might remember him as the guy behind the STABLE Act (Stablecoin And Bank Licensing Enforcement) which turned into an episode we did with him in December of 2020.

The topic of CBDC and the politicization of our money system has returned, so we wanted to get Rohan back on to learn about what this conversation from his point of view.

------ ✨ DEBRIEF | Unpacking the episode: https://www.bankless.com/debrief-rohan-grey

------ 🪂Airdrop Alpha is waiting for you on Bankless 🪂 https://bankless.cc/AirdropAlphaIsOnBankless

------ In today’s episode, Rohan helps us understand:

1) Who are the power structures supporting and fighting over the CBDC 2) Why the crypto community might have to support a digital dollar… or else!? 3) Why you should be skeptical about the anti-Gensler politicians 4) Finding the common ground between Rohan and Bankless

------ BANKLESS SPONSOR TOOLS:

🐙KRAKEN | MOST-TRUSTED CRYPTO EXCHANGE https://k.xyz/bankless-pod-q2

🦊METAMASK LEARN | HELPFUL WEB3 RESOURCE https://bankless.cc/MetaMask

👾STADER LABS | ETHX LIQUID STAKING https://bankless.cc/Stader

⚖️ ARBITRUM | SCALING ETHEREUM https://bankless.cc/Arbitrum

🗣️TOKU | CRYPTO EMPLOYMENT SOLUTION https://bankless.cc/Toku

🎮IMMUTABLE | GAMING ECOSYSTEM https://bankless.cc/Immutable

🛞MANTLE | MODULAR LAYER 2 NETWORK https://bankless.cc/Mantle

------ TIMESTAMPS:

0:00 Intro 7:39 CBDC Fight in D.C.? 9:20 What Side Is Rohan On? 11:07 Public vs. Private Money 14:36 The Political Chessboard 25:11 Republicans & CBDCs 30:22 Anti-Gensler Republicans 34:23 Central Bank Independence 40:15 Elizabeth Warren War on Crypto 51:25 Crypto x Political Alignment 57:50 The Case for Crypto 1:02:52 Public Goods & Capitalism 1:04:33 Digital Dollar & Privacy 1:07:21 The Central Banker Problem 1:16:49 Property Rights 1:22:44 Rohan’s Advice to Builders 1:28:09 Closing & Disclaimers

------ RESOURCES:

Rohan Grey https://twitter.com/rohangrey Rohan’s Previous Bankless Episode https://youtu.be/1ywsNq0XAfE

No Spy Cash https://www.nospycash.com/

----- Not financial or tax advice. This channel is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This video is not tax advice. Talk to your accountant. Do your own research.

Disclosure. From time-to-time I may add links in this newsletter to products I use. I may receive commission if you make a purchase through one of these links. Additionally, the Bankless writers hold crypto assets. See our investment disclosures here: https://www.bankless.com/disclosures