Unlimited Hangout with Whitney Webb The PayPal Presidency Part III: New World Currency with Mark Goodwin
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Jul 28, 2025 
Mark Goodwin, a journalist and former editor-in-chief of Bitcoin Magazine, joins to unravel the PayPal Mafia's influence on U.S. financial policies and the emergence of a 'new world currency.' They delve into the controversial GENIUS Act and its implications for regulating stablecoins amidst fails and liquidity crises. The discussion also covers the tumultuous relationship between Tether and FTX, shedding light on the regulatory landscape's shift. Goodwin warns of the potential surveillance implications of digital finance and advocates for community resilience in navigating future financial challenges.
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Genius Act: PayPal Mafia's New World Currency
- The Genius Act is the culmination of the PayPal mafia's decades-long influence in digital finance.
- It reflects their goal to shape a new financial system uniting Bitcoin with dollar stablecoins under centralized control.
Stablecoins' Illusion of Stability
- Stablecoins are digital tokens pegged to real-world assets like the US dollar but the dollar itself has been debased over decades.
- True stability is misleading since banks backing the reserves can fail, causing stablecoins to lose their peg.
Early PayPal Players Advantage
- Winners of the stablecoin wars will be those who helped create the regulatory framework.
- This means the early PayPal architects and allies are positioned to control the market's future.
