This is  a teaser for the third episode in the patreon exclusive Q&A series where I talk about my thoughts on the STABLE Act, which has become infamous in the crypto world, and how I think the cryptoleftist movement should understand and view it. If you don't know, the Stablecoin Tethering and Bank Licensing Enforcement (STABLE) Act, proposed by  Rep. Rashida Tlaib (D-Mich.), requires stablecoin-issuing companies to obtain a banking charter and follow "appropriate" banking regulations in their jurisdiction. It also requires them to maintain reserves, equivalent to the dollar amount of their stablecoin issues, at the Federal Reserve and undergo regular audits to ensure compliance. Keep in mind that this bill has not been passed and is not likely to pass in the very near term, but unsurprisingly, this has caused a lot of ire from the crypto community, especially the anti-state libertarians.  During the interview I focus on things said by Rohan Grey who is an aide in Tlaib's office that helped draft the bill and three of the main arguments I've seen circulating against the STABLE Act. Based on that I line out what I think the appropriate cryptoleftist take on the legislation should be. Spoiler alert: don't trust criticisms being hurled by people you are not politically aligned with.SourcesBankless Interview with Rohan Old video of Rohan that I think is interesting Coindesk article with many of the arguments I look in the episode Thanks again for all your support! As you can maybe tell, my audio is a bit better in this episode because I got a new microphone thanks to your patronage :)Get the full version on Patreon.If you liked the podcast be sure to give it a review on your preferred podcast platform. If you want to see more content like this, please consider donating to my Patreon starting at just $3 per month. At the moment I’ve spent more on this project than I’ve ever made so any amount helps. Also, sign up for the Newsletter, follow me on Twitter (@TBSocialist), and join the r/CryptoLeftists subreddit to continue the discussion and give your thoughts.Support the showICYMI I've written a book about, no surprise, blockchains through a left political framework! The title is Blockchain Radicals: How Capitalism Ruined Crypto and How to Fix It and is being published through Repeater Books, the publishing house started by Mark Fisher who’s work influenced me a lot in my thinking. The book is officially published and you use this linktree to find where you can purchase the book based on your region / country.

Ver todos los episodios