Fintech Takes Fintech Takes: What the Hell’s Going On (Bank Regulation, Stablecoins, and Credit)
4 snips
May 14, 2025 
Rob Blackwell, Chief Content Officer at IntraFi and host of the Banking With Interest podcast, delves into the chaotic world of bank regulation and stablecoins. He discusses Treasury Secretary Scott Bessant's bold moves that could alter the regulatory landscape. The conversation turns to stablecoins, exploring how political tensions are impacting bipartisan progress and the risks of major companies like Amazon entering banking. Lastly, they tackle the future of open banking and the potential rollback of critical regulations, wrapping up with a fun debate that touches on both policy and pop culture.
AI Snips
Chapters
Transcript
Episode notes
Treasury Seizes Bank Regulation Control
- Treasury Secretary Scott Bessant is actively taking control of bank regulatory policy, unlike predecessors who mostly deferred to independent regulators.
- This signals a possible end to the era of "independent agencies" in bank regulation.
Control Over Trust in Trump Era
- The Trump administration's regulatory style prioritizes control and public faction fights over trust and behind-the-scenes coordination.
- Treasury insists on leading bank regulation and discourages internal factional divergence.
Trump's Stablecoin Derails Legislation
- The stablecoin regulatory bill faced roadblocks mainly due to concerns about Trump's stablecoin benefiting from foreign investment.
- This has led to unexpected Democratic objections, complicating bipartisan progress on stablecoin legislation.