Weekly Roundup 12/04/20 (The Dastardly STABLE Act, USDC partners with Visa, Larry Fink evolves on Bitcoin) (EP.154)
Play • 36 min

In this week's episode, Nic and Matt torch the STABLE Act cosponsored by their local representative Stephen Lynch (MA-8). Also covered: 

  • Stephen Lynch and Rashida Tlaib's STABLE Act
  • What the STABLE Act requires of fintech providers hosting user balances
  • What stablecoin issuers are not like banks
  • Why the STABLE Act would be disastrous for competition in the Fintech space
  • Why the moral positioning for the bill is internally inconsistent
  • The prospects for the STABLE Act
  • Why legislation like the STABLE Act will likely become
  • USDC partners with Visa, and what it means for the industry
  • Why the USDC-Visa partnership solves a critical issue that the industry has had for years
  • BlockFi announces a Bitcoin-back credit card
  • Larry Fink starts to shift his tone on Bitcoin
  • Garry Cohn's bizarre new Bitcoin critique
  • Our takeaways from the BCAP Bitcoin survey
  • Will Bitcoin outlive the Euro?

Content mentioned in this episode: 

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