The U.S. Finally Has Stablecoin Legislation. Can Crypto Compete With Banks? - Ep. 871
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yesterday, I had a major global meeting with probably 40 or 50 international regulators and central banks. And for the first time in my seven year career in this sector at the bleeding edge of this stuff, I was finally able to say, America will have a set of rules for this space, and you won't have to rely just on good actors in the private sector for that US representation.
Hi, everyone. Welcome to Unchained, your no hype resource for all things crypto. I'm your host, Laura Shin. Every episode, we're featuring your comments. We got this comment in response to the recent PumpFund ICO episode with Joe McCann and Hasib Qureshi. On x, Solana's Anatoliyakovenko reacted to Hasib's musings on whether pump can really take on TikTok. He said, quote, you miss all the swings you don't take. If you want your comment featured, write a review of the podcast overall or leave a comment on our video on YouTube, Farcaster RX. This is the 07/18/2025 episode of Unchained. One early
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of a team of analysts trusted by 80 plus institutions now open to serious traders like you. Visit askfocal.com. Today's guest is Dante Disparte, chief strategy officer and head of global policy operations at Circle. Welcome, Dante. Thank
you, Laura. It's great to be with you.
So this is, you know, quite a big wink for the crypto industry. It's the end of the so called crypto week in congress, and as we speak, the Genius Act, which is the first major piece of crypto legislation in The US, will soon be signed into law by president Trump. This is, of course, the stablecoin bill. It's been pursued by multiple members of congress for many years. Just before we started recording, you said that you have been in pursuit of something like this for seven years. You see, you know, coming into this administration, it was thought that this particular bill was a shoo in, but on
I mean, well, you know, of course, CryptoWeek would not have been, I think, complete without a little bit of, political intrigue and political drama. I don't think, too many people had in the cards that there would be a anti CBDC insurrection. That was part of, part of the drama this week. But, nonetheless, I mean, what matters is the outcomes. And the outcomes in some respects surpassed all expectations. Number one, the Genius Act passed with more than 300 total votes. In favor of it, a 102 Democrats, joined ranks with their Republican colleagues and counterparts and also voted in favor of th
So, you know, as you, mentioned, like, in the end, the bill did get quite a lot of support. And, you know, of course, along the way, we saw earlier, not even, just this week, but the Democrats had a lot of objections to president Trump's crypto business deals, you know, particularly the fact that World Liberty Financial has its own stable coin. So, you know, I was curious to know, like, how did the Democrats get persuaded to vote for it, kind of, I guess, in greater numbers than it looked like might happen earlier?
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