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
▬ FOLLOW AMBER GROUP ▬▬
Twitter: https://twitter.com/ambergroup_io
Email: contact@ambergroup.io
Website: https://www.ambergroup.io/
▬ DISCLOSURE ▬▬▬▬▬▬▬
The Crypto Unstacked Podcast is meant for informational purposes only and should not be considered as financial or investment advice. Nothing expressed in this podcast should be construed as a solicitation, recommendation, endorsement or offer by Amber Group to buy or sell any financial products. Information expressed by the host or guest in this podcast does not necessarily reflect the views of Amber Group.
#AmberGroup #FreeFormFridays #STABLEAct #stablecoins #CUPofCrypto #CryptoUnstacked
