This episode is sponsored by NYDIG.
The President’s Working Group on Monetary Markets has lastly launched its much-anticipated report on Stablecoins. On this episode, NLW breaks down:
- The PWG’s three main considerations surrounding stablecoins
- The importance of its advice that Congress legislate stablecoins
- The reactions of the crypto group, stablecoin issuers and politicians
See additionally: The US Treasury’s Stablecoin Report Would Deal with Issuers Like Banks, however Doesn’t Handle How
“The Breakdown” is written, produced by and options Nathaniel Whittemore aka NLW, with modifying by Rob Mitchell, analysis by Scott Hill and extra manufacturing assist by Eleanor Pahl. Adam B. Levine is our government producer and our theme music is “Countdown” by Neon Seaside. The music you heard at this time behind our sponsor is “Darkish Crazed Cap” by Isaac Joel. Picture credit score: Samuel Corum/Bloomberg/Getty Photos, modified by CoinDesk.