Bits + Bips: Stablecoins Just Went Legit, but That’s Only the First Step - Ep. 873
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Within crypto native capital, like, people are pretty allocated, but within TradFi, they still aren't. I think where that leaves me is as each day goes by, I think more and more likely, and we are seeing signs of this, the waves of, of main street capital are going to come in. And so I'm like more and more confident about keeping our exposure out there, but who knows? Let's this story has always taken longer to play out than, you know, the optimist in this industry might expect.
Hi, everyone. Welcome to bits and dips, exploring how macro and crypto collide one basis point at a time. Today, we're gonna talk about ease of price bump. We're gonna digest, the genius act and, talk about a lot of other things, Fed independence, a new, crop of crypto treasury companies, coming to the forefront, much to discuss. But first, some quick intros. I'm your host, Steve Ehrlich, high scribe of Unchain Kingdom. I'm here with Noelle Acheson, the high seer and keeper of the crypto is MacroNow newsletter. Hi,
everyone. Ram
Alaewalia, the master wealth leader of Lumida, and our special guest is Cosmo Zhang, the unshaken hand of Pantera's liquid vault. So welcome, everybody. So we're here to discuss, all the latest stories in the worlds of crypto and macro, but just a quick disclaimer. As always, nothing that we say, is meant as financial or investment advice. Please see unchainedcrypto.com backslash bits and bips for more information. And before we dive in, let's just take a brief pause so we can hear from the sponsors who make this show possible.
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of a a validatory show, I think, guys. I mean, we've been waiting years and years and years for clear regulation. God forbid, a a law, a bill passing congress dedicating or passing, congress and signed it to law by the president, sort of bestowing some good graces upon crypto. And, we're here today with the Genius Act, the Stablecoin bills. There's now clear rules for for Stablecoins. I know a lot has been spoken about it last week during the run up of whether or not we get across the finish line and then just everything that happened since it was signed, but I think it makes sense to begin wi
as we highlighted last week and as we can confirm now, because until it was signed, it was never really a sure thing. Right? We can confirm it just is a very big deal. We have confirmed crypto focused legislation in The United States, home to the largest financial market in the world. That is a very big deal, but I'm gonna push back about this being a slightly valedictory feel. It's just the beginning. It was the low hanging fruit. It was always gonna be the first one. Stablecoins are relatively simple compared to the rest of the crypto ecosystem, But it's just the beginning. It was a struggle
I'm really interested in the four zero one k aspect of this. I I know, I think back when I was at Forbes a few years ago, we published an interview, I think, with the head of the AARP, and and he was very negative on having crypto in retirement accounts. I mean, just because of the volatility. And, I mean, as people get older, you
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