Supply Shock On the Margin: The Future Of Crypto & Stablecoins Under Trump | Austin Campbell
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Jan 30, 2025 
Austin Campbell, CEO of WSPN and adjunct professor at NYU Stern, dives into the evolving world of stablecoin regulation under a potential Trump administration. He highlights the importance of bipartisan support for stablecoin legislation and discusses the shifting dynamics between the SEC and CFTC. Austin also critiques the idea of Bitcoin as a national reserve, advocating for traditional fiscal strategies. Additionally, he explores the global adoption of stablecoins and the need for clear regulatory definitions in the market.
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Executive Power Over Regulators
- The U.S. executive branch heavily influences financial regulators (SEC, CFTC, banking regulators).
- This means the president can unilaterally enact changes without needing Congressional approval, making the executive branch faster than Congress.
Stablecoin Legislation Outlook
- Stablecoin legislation enjoys bipartisan support in the House, increasing the likelihood of a bill passing.
- The Senate's stance is more complex, with varying opinions on stablecoin regulation.
First Crypto Executive Order Focus
- The first crypto executive order aims to promote American innovation and establish clear rules.
- This approach contrasts with picking winners and losers, fostering fair competition instead.