Ryan
๐ค SpeakerAppearances Over Time
Podcast Appearances
We want Bitcoin and non-sovereign store value assets and crypto to be outperforming.
They're not right now.
So I tend to agree with you.
I mean, I think that this is not the sign of now we're entering the bull run.
At least we don't have a clear indication there.
But we got to talk about the catalyst that you just mentioned, which is the clarity bill in the Senate.
So much to discuss on that, including do we want it to pass and what's in it and who's fighting over it?
We'll talk about all that more.
But before we do want to thank the sponsors that made this episode possible.
That was great.
The House version was pretty solid.
Let's talk about stablecoins rewards and yields because I think this is a big fight.
Specifically, the banks are on one side of this, which is that American citizens, users should not get their stablecoin yields, that only the banks should get them.
Yes, and they're saying things like, well, this would destabilize the financial system, right?
This would reduce credit creation.
This would be really bad for smaller community-style banks.
I think the net of it, though, is, David, they make a whole lot of money from interest on your savings account, right?
Again, the delta here.
Yeah, so most of the big banks, and by the way, the big bank lobby, which they are well-funded, they've been in Washington like forever, right?
They kind of run that town at some level.