Unconfirmed: Insights And Analysis From The Top Minds In Crypto

Rohan Grey, assistant professor at Willamette Law, talks about the STABLE Act, which would require stable coin issuers to obtain a banking charter, require approval from the Federal Reserve and require issuers to have FDIC insurance. In this episode, Grey, an advisor to the bill, discusses: how the past history of financial innovation and events that have posed systemic risks necessitates the STABLE Act how he, not being a staff member of Congress, became involved in the bill  how the bill would prevent stablecoin issuers from committing crimes that banks have perpetrated by requiring them to become banks why he believes open source smart contracts enforcing rules and public audit-able blockchains are not a fundamentally new way to prevent the type of events that pose systemic risks that the STABLE Act aims to prevent why existing regulatory and licensing regimes are insufficient how he would answer people from countries like Argentina who have had their currency devalued by their government the STABLE