We Study Billionaires - The Investor’s Podcast Network BTC236: Stablecoin GENIUS Act & Bitcoin Policy Update w/ Matt Pines (Bitcoin Podcast)
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May 28, 2025 
Matthew Pines, a member of the Bitcoin Policy Institute with deep insights into Washington, D.C., joins for a thought-provoking discussion. They tackle the Genius Act and its potential to reshape stablecoin regulations, emphasizing its disruption of traditional banking. The conversation shifts to the U.S. trade deficit and Bitcoin's role in financial markets. Pines also highlights the upcoming Bitcoin Policy Summit, which aims to influence national Bitcoin policies amid evolving global dynamics.
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Fed Navigates Fiscal Dominance
- The Federal Reserve is balancing its official mandate with the government's financing needs amid large debts and strategic policy shifts.
- Fiscal dominance pressures the Fed to indirectly accommodate government refinancing while maintaining an appearance of independence.
Trump Seeks Fed Control Shift
- The Trump administration aims to limit the Fed's power and install a more compliant chairman rather than abolish the Fed.
- Fed officials resist political interference, clinging to technocratic independence despite external pressures.
Genius Act Catalyzes Stablecoin Growth
- The Genius Act paves the way for a 10x increase in stablecoins to $2 trillion by 2028, significantly impacting US Treasury demand.
- Stablecoins becoming a core government financing tool suggests a major role for Bitcoin in future financial infrastructure.