*New* Crypto Unstacked Trader's Edition
[Mini Dive] 10 Things You Need to Know About The STABLE Act

December 11, 2020

[Mini Dive] 10 Things You Need to Know About The STABLE Act
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We explore the hotly debated #STABLE (Stablecoin Tethering and Bank Licensing Enforcement) Act.


10 things we discuss

1. What is the STABLE Act?
2. What does the bill define as a stablecoin?
3. What does the current version of the bill propose?
4. What does Circle CEO Jeremy Allaire think about the proposed legislation?
5. What is the purpose of this Bill?
6. What do bill advocates have to say about tech companies assuming the role of a currency issuer?
7. Are stablecoins a tool of regulatory arbitrage and evasion?
8. Does this bill regulate decentralized networks?
9. What are the systemic risks that the bill focuses on?
10. Will the STABLE Act pass?
*Bonus* What do I think this STABLE Act is really about?

Links
https://tlaib.house.gov/sites/tlaib.house.gov/files/STABLEAct.pdf
https://tlaib.house.gov/media/press-releases/tlaib-garcia-and-lynch-stableact
https://www.forbes.com/sites/seansteinsmith/2020/12/09/cryptocurrency-legislation-is-on-the-rise--what-the-proposed-stable-act-could-mean-for-crypto/?sh=16d1e367633d
https://www.coincenter.org/the-unintended-consequences-of-the-stable-act/
https://twitter.com/jerallaire/status/1336487497505923072
https://twitter.com/jerallaire/status/1334277525044940800
https://twitter.com/rohangrey/status/1335280373358465026
https://twitter.com/ronwhammond/status/1334279937767993349?s=21

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