Level up your open finance game five times a week. Subscribe to the Bankless program below.
📺 NEW VIDEO EPISODE
Listen to episode podcast | iTunes | Spotify | YouTube | RSS Feed
Tools from our sponsors to go bankless:
⭐️ LEDGER – BEST HARDWARE WALLET TO SECURE YOUR CRYPTO
🚀 ZERION – INVEST IN DEFI FROM ONE PLACE
💳 MONOLITH – GET THE HOLY GRAIL OF BANKLESS VISA CARDS
🤖 YEARN – YIELD-SEEKING MONEY ROBOT THAT FARMS DEFI FOR YOU
📺 Ethereum vs the STABLE Act
December 22st, 2020
Ethereum vs The STABLE Act | Rohan Grey
Rohan Grey is an assistant professor of Law at Willamette University, an Advisor to politicians including Rashida Tlaib, and one of the authors of the STABLE Act, which wants to impose Federal Bank Chartering upon any stablecoin issuer.
Interesting, this proposed legislation includes entities like Square’s Cash App or PayPal! Anything that offers a claim on 1 Dollar is cited by this law.
Rohan and the STABLE Act appear to be an outgrowth of the rise of MMT and the power and ability of the state to solve economic problems like poverty and joblessness. Rohan wants to protect ‘money’, which he believes is a public institution that needs protecting!
Also interestingly, the goals of the STABLE Act and DeFi are highly similar, yet are opposing in their strategies for achieving these goals.
Tune into the conversation to learn about a diversity of perspectives regarding how to protect money!
The STABLE Act:
Coin Center’s comment on the STABLE Act:
Give Bankless 5 stars on the podcast! Let’s get to the top of the charts 📈
Also…subscribe to Bankless YouTube to watch State of the Nation every Tuesday.
Subscribe to the podcast on iTunes | Spotify | YouTube | RSS Feed
Leave a review on iTunes
Share the episode with someone you know!
Don’t stop at the podcast!
Subscribe to the Bankless newsletter program
Visit the official Bankless website for more resources
Follow Ryan on Twitter
Follow David on Twitter
Follow Lucas on Twitter
Go Bankless. $12 / mo. Includes archive access, Inner Circle & Deals—(pay w/ crypto)
Not financial or tax advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This newsletter is not tax advice. Talk to your accountant. Do your own research.
Disclosure. From time-to-time I may add links in this newsletter to products I use. I may receive a commission if you make a purchase through one of these links. I’ll always disclose when this is the case