Today, I discussed the President’s Working Group Report on stablecoins' dangerous lack of nuance. See my remarks here⬇️
youtube.com/watch?v=4d1sbyYH…
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The report:
❌Doesn't provide a definition for stablecoin
❌Asserts that both bank-like products & investment-like products could be stablecoins
❌Abuses this ambiguity to ask Congress to lump these assets together & hand them solely to the banks
I'm not on board with that.
Feb 8, 2022 · 7:55 PM UTC
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The Lincoln Project