On The Brink with Castle Island Weekly Roundup 12/04/20 (The Dastardly STABLE Act, USDC partners with Visa, Larry Fink evolves on Bitcoin) (EP.154)
Dec 4, 2020
35:59
In this week's episode, Nic and Matt torch the STABLE Act cosponsored by their local representative Stephen Lynch (MA-8). Also covered:
- Stephen Lynch and Rashida Tlaib's STABLE Act
- What the STABLE Act requires of fintech providers hosting user balances
- What stablecoin issuers are not like banks
- Why the STABLE Act would be disastrous for competition in the Fintech space
- Why the moral positioning for the bill is internally inconsistent
- The prospects for the STABLE Act
- Why legislation like the STABLE Act will likely become
- USDC partners with Visa, and what it means for the industry
- Why the USDC-Visa partnership solves a critical issue that the industry has had for years
- BlockFi announces a Bitcoin-back credit card
- Larry Fink starts to shift his tone on Bitcoin
- Garry Cohn's bizarre new Bitcoin critique
- Our takeaways from the BCAP Bitcoin survey
- Will Bitcoin outlive the Euro?
Content mentioned in this episode:
- Spencer Bogart, Bitcoin is (Still) a Demographic Mega-Trend
- Niall Ferguson, Bitcoin Is Winning the Covid-19 Monetary Revolution
- The STABLE Act press release
- Coin Center, The Unintended (?) Consequences of the STABLE Act