Quantum Economics
Published in

Quantum Economics


‘Stablecoins Are Killing It’ Ep. #24— Thursday, Dec. 10, 1–2pm EST; Implications Of The STABLE Act

Click here to register for the show on zoom

On Dec. 2, U.S. Rep. Rashida Tlaib introduced the Stablecoin, Tethering and Bank Licensing Enforcement (STABLE) Act, to

… protect consumers from the risks posed by emerging digital payment instruments, such as Facebook’s Libra and other Stablecoins currently offered in the market, by regulating their issuance and related commercial activities. Digital currencies, whose value is permanently pegged to or stabilized against a conventional currency like the dollar, pose new regulatory challenges while also represent a growing source of the market, liquidity, and credit risk.

The proposed legislation claims that Facebook, JPMorgan Chase & Co., Apple Inc. and other corporations are considering issuing their own stablecoins, and the future of digital payments is at risk of being controlled by Wall Street and Silicon Valley.

The bill would require stablecoin issuers to obtain a banking charter; as well as approval from the Federal Reserve, the Federal Deposit Insurance Corp., and the appropriate banking agency six months prior to its issuance.

While the legislation is designed to protect consumers from the risks posed by emerging digital payment instruments, many crypto industry thought leaders believe that the bill would thwart innovation and give even greater power to incumbent financial institutions.

Top Twitter Thread On #StableAct

In a post tiled “The Unintended(?) Consequences of the STABLE Act,” Coin Center’s research director Peter Van Valkenburgh wrote:

Centralized stablecoins aside, the bill is a disaster with regard to decentralized applications like Maker Dao, as well as a disaster for the larger innovation-enabling platforms, like Ethereum, on which those applications run.

We have two experts on the call who will discuss the driving forces behind the STABLE Act, what they hope to achieve, and what the bill will actually accomplish if passed.

We’ll also discuss the odds of it receiving approval, the true systemic risks of stablecoins, and what the alternatives are for regulating stablecoins in the United States.

Click here to register for the show on zoom

Our featured speakers for Episode #24:

Reuben Bramanathan, crypto industry consultant —After spending more than seven years practicing law, Bramanathan joined Coinbase, in 2015, as product counsel, before becoming product lead of Coinbase Asset Management. Reuben left Coinbase in 2019, and he has since been advising a variety of crypto projects, largely in the DeFi space.

Dave Hendricks, CEO of Vertalo — an SEC-registered digital transfer agent that provides cap table and share registry services for digital and tokenized assets. Prior to founding Vertalo in early 2017, Dave cofounded LiveIntent, a NY-based identity management platform. Dave started his career at accounting firm Arthur Andersen, then worked on real estate securitization at a Goldman Sachs joint venture, and led the global partnership between Oracle Corporation and Arthur Andersen.

If you thought this was worth at least .000001 Bitcoin, PLEASE thank us by clapping below (up to 50 times). Thx!

This content is for educational purposes only. It does not constitute trading advice. Past performance does not indicate future results. Do not invest more than you can afford to lose. The author of this article may hold assets mentioned in the piece.

If you found this content engaging, and have an interest in commissioning content of your own, check out Quantum Economics’ Analysis on Demand service.




Quantum Economics is a publication for all those who wish to gain a greater understanding of why markets move, what influences them, and how you can get ahead of it.

Recommended from Medium

15 Best Cryptocurrencies to Invest In Right Now

DeFine Platform is now available in HyperPay wallet

eToro Reviews 2022

CafeSwap is now open for partners.

Understanding the New Tech: DeFi, Dapps, and NFTs

The NFT Agency collaborates with Romanian fantasy artist, Adrian Rosco, on new Crypto.com drop

ScalingNOW! Interview 6: Loredana Cirstea on µRaiden’s (ready NOW!) Micropayment Solution

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store
Lou Kerner

Lou Kerner

Believe Crypto is the biggest thing to happen in the history of mankind. Focused on stablecoins (founded JustStable.com) & communities (founded. CryptoMondays)

More from Medium

♠️ Blockchain Capital crypto portfolio breakdown

7 Crypto Highlights From Ark Invest’s Epic ‘Big Ideas 2022’ Report

Every Finance Company Will Be A Crypto Company

Some Non-Obvious Analytics About the Side-Effects of the Terra Collapse Across Crypto Market