In Episode 168 of Hidden Forces, Demetri Kofinas speaks with Rohan Grey, an expert on the legal design and regulation of digital fiat currency and one of the prime authors of the recently proposed STABLE Act put forward by congresswoman Rashida Tlaib of Michigan and congressmen Jesús García and Stephen Lynch of Illinois and Massachusetts respectively.
The stated justification for the bill is to “protect consumers from the risks posed by emerging digital payment instruments, such as Facebook’s Libra and other Stablecoins,” which the authors define as “digital currencies, whose value is permanently pegged to or stabilized against a conventional currency like the dollar and which pose new regulatory challenges while also representing a growing source of market, liquidity, and credit risk.”
The goal of this conversation was to get absolutely clear on the language and intent of the regulation, not just as a standalone document but as part of a much larger regulatory agenda that is being put forward by the more progressive factions of the democratic party. What is clear is that much of this depends on how we define money and what we mean when we talk about “a deposit.”
Regardless of what your personal beliefs are, regulation is coming. The question is what is it going to look like and how is it going to impact you and your community, whether that community is your local community, your business community, or a crypto community?
This conversation is meant to help you begin to wrap your arms around this new paradigm, to understand what you think about it and how you want to respond to it.
You can gain access to the episode overtime, Demetri’s additional conversation with Jeremy Allaire, as well as the transcript and rundown to this week’s episode through the Hidden Forces Patreon Page.
All subscribers gain access to our overtime feed, which can be easily added to your favorite podcast application.
If you enjoyed listening to today’s episode of Hidden Forces you can help support the show by doing the following:
Subscribe on Apple Podcasts | Spotify | Stitcher | SoundCloud | YouTube | CastBox | RSS Feed
Write us a review on Apple Podcasts
Subscribe to our mailing list through the Hidden Forces Website
Producer & Host: Demetri Kofinas
Editor & Engineer: Stylianos Nicolaou
Subscribe & Support the Podcast at https://patreon.com/hiddenforces
Join the conversation on Facebook, Instagram, and Twitter at @hiddenforcespod
Episode Recorded on 12/08/2020
A World On The Brink of Total War | Dmitri Alperovitch
Where Are All the Billionaires? | Victor Haghani
America’s National Savings and Debt Crisis | Lacy Hunt
What Comes After the Chinese Economic Miracle? | Anne Stevenson-Yang
Are Gold and Bitcoin Signaling the Return of Money Printing? | Michael Howell
A New Era for China's Semiconductor Industry | Paul Triolo
What Myths Can Teach Us About the AI Arms Race | Joshua Schrei
Exposing the New American Surveillance State | Byron Tau
What Makes Someone a Supercommunicator? | Charles Duhigg
The Coming Paradigm Shift in the Stock Market | Daniel Peris
Superhumans and the Race for AI Supremacy | Stephen Hsu
You Will Be Assimilated: China’s Plan For Global Domination | David Goldman
AI, Transhumanism, and the Future of Humanity | Meghan O’Gieblyn
Is the Middle East Headed For Another Major War? | Kamran Bokhari
Public Interest Politics & the Human Spirit | Marianne Williamson
Rise and Fall of the Neoliberal Order | Gary Gerstle
Are We in a New Crypto Bull Market? | Framework Ventures
What’s Driving the Fall in Oil Prices? | Rory Johnston
How Can We Make Sense of the UAP Conspiracy? | Diana Pasulka
What Elites Don’t Understand About America | Rudy Havenstein
Create your
podcast in
minutes
It is Free
The Commercial Edge: Unleash the Power of People
The emPOWERed Half Hour
Aligned Money Show
Gorse Culture PODcast : The H.R. Detective Agency!
HCI Leadership Revolution
The Ramsey Show
Planet Money