No. of Recommendations: 2
podcast debunks both dem\gop myths on crypto.being neutral on crypto is not going to save you from anything other a possible kidnapping.
"...for a problem in the crypto industry to actually have ripple effects, it has to get big and interconnected with the rest of the financial system. Stablecoins are the mechanism for doing that. Even if they’re not the trigger for a future crisis. They are both a transmission belt of problems and a prior factor that’s likely to make that crisis a bigger deal.
... stablecoins are not always so stable. The stablecoin USDC was initially pegged to the dollar, but the company that issued it held its reserves at Silicon Valley Bank. When the bank collapsed in 2023, the value of one USDC share, which was supposed to stay at a dollar, fell below 87 cents.
... right now the way people look at stablecoins is that you either use them for illegal payments or you use them as an on \ off ramp for crypto speculation. You don’t treat them like your money. But what this bill does is it’s sort of broadcasting to Americans. This is a Safe money substitute. Once it becomes treated as money by people, then even the smallest deep pegging can be enough to cause people to freak out..."
https://slate.com/podcasts/what-next-tbd/2025/05/c...
