Bloomberg Surveillance Single Best Idea with Tom Keene: Gary Gensler
Jun 24, 2025
Dive into the fascinating journey of a financial expert from Goldman Sachs to the helm of the SEC, uncovering the impact of regulatory shifts and fintech innovations. Discover the intricate world of stablecoins, likened to poker chips, and their economic implications amidst rising regulatory scrutiny. Lastly, explore how AI is reshaping productivity and the job market, alongside the ongoing U.S.-China tech rivalry. A thought-provoking discussion on the future of finance and technology awaits!
AI Snips
Chapters
Books
Transcript
Episode notes
Stablecoin Regulatory Challenges
- Regulatory scrutiny of stablecoins is intensifying due to their use in bypassing traditional banking.
- Research from BIS and insights from economists emphasize risks related to money laundering and sanctions evasion.
Economic Questions of Stablecoins
- Stablecoins function like casino poker chips for crypto exchanges without bank accounts.
- They create interesting economic questions about who benefits from the interest on the underlying reserves.
AI's Transformative Impact
- AI has transformed productivity but will also change the job market significantly.
- The US competes with China in AI, challenged by China's large population and data advantages.
