Could a Stablecoin Bill “Shatter” the Wall Between Banking and Commerce?
Banking with Interest
English - May 01, 2024 10:00 - 43 minutes - 33.1 MBBusiness News News Politics banker finreg bankpodcast fintech fintechpodcast legislation policy Homepage Download Google Podcasts Overcast Castro Pocket Casts RSS feed
Previous Episode: The Populist Threat to Banks
Hilary Allen, a law professor at American University Washington College of Law, warns that a stablecoin regulation bill could open the door to mixing banking and commerce, allowing WalMart, Amazon or Google to effectively set up their own bank without facing bank-like regulations. She also details issues with the legislation introduced to date, including failures to address critically important issues.