CoinDesk Podcast Network Fight Over Stablecoin Yield Is the 'Tip of the Iceberg': TuongVy Le
Jan 24, 2026
TuongVy Le, general counsel at Veda Labs and former SEC senior attorney, brings sharp crypto regulatory expertise. She breaks down the fight over stablecoin yield and why it signals a bigger shift in consumer finance. Conversations cover on-chain settlement at the NYSE, privacy and zero-knowledge tech, jurisdiction battles between regulators, and the legal future of prediction markets.
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Blockchain Shifts Control And Value To Users
- Blockchain lets people replace intermediaries with infrastructure and control their own money more directly.
- That shift naturally enables consumers to capture more of the value their money generates.
Fix Ambiguity In Exemptive Authority Language
- Clean ambiguous language in legislation to avoid creating litigation risk for regulators like the SEC.
- Preserve regulators' exemptive authority so they can craft tailored rules for crypto innovation and consumer protection.
Stablecoin Yield Is Just The Tip
- The fight over bank deposits and stablecoin yield is only the visible part of a broader paradigm change in finance.
- New infrastructure will reorganize credit rather than destroy it, reallocating where capital and returns flow.