172 - DEBATE: Why We Need a Digital Dollar | Rohan Grey vs. RSA
Rohan Grey is an assistant professor at Willamette University College of Law and has been involved in the world of politics and government as it relates to our public money systems.
You might remember him as the guy behind the STABLE Act (Stablecoin And Bank Licensing Enforcement) which turned into an episode we did with him in December of 2020.
The topic of CBDC and the politicization of our money system has returned, so we wanted to get Rohan back on to learn about what this conversation from his point of view.
------ ✨ DEBRIEF | Unpacking the episode: https://www.bankless.com/debrief-rohan-grey
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------ In today’s episode, Rohan helps us understand:
1) Who are the power structures supporting and fighting over the CBDC 2) Why the crypto community might have to support a digital dollar… or else!? 3) Why you should be skeptical about the anti-Gensler politicians 4) Finding the common ground between Rohan and Bankless
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------ TIMESTAMPS:
0:00 Intro 7:39 CBDC Fight in D.C.? 9:20 What Side Is Rohan On? 11:07 Public vs. Private Money 14:36 The Political Chessboard 25:11 Republicans & CBDCs 30:22 Anti-Gensler Republicans 34:23 Central Bank Independence 40:15 Elizabeth Warren War on Crypto 51:25 Crypto x Political Alignment 57:50 The Case for Crypto 1:02:52 Public Goods & Capitalism 1:04:33 Digital Dollar & Privacy 1:07:21 The Central Banker Problem 1:16:49 Property Rights 1:22:44 Rohan’s Advice to Builders 1:28:09 Closing & Disclaimers
------ RESOURCES:
Rohan Grey https://twitter.com/rohangrey Rohan’s Previous Bankless Episode https://youtu.be/1ywsNq0XAfE
No Spy Cash https://www.nospycash.com/
----- Not financial or tax advice. This channel is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This video is not tax advice. Talk to your accountant. Do your own research.
Disclosure. From time-to-time I may add links in this newsletter to products I use. I may receive commission if you make a purchase through one of these links. Additionally, the Bankless writers hold crypto assets. See our investment disclosures here: https://www.bankless.com/disclosures
Ethereum vs The STABLE Act | Rohan Grey
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Ethereum vs The STABLE Act | Rohan Grey
Rohan Grey is an assistant professor of Law at Willamette University, an Advisor to politicians including Rashida Tlaib, and one of the authors of the STABLE Act, which wants to impose Federal Bank Chartering upon any stablecoin issuer.
Interesting, this proposed legislation includes entities like Square's Cash App or PayPal! Anything that offers a claim on 1 Dollar is cited by this law.
Rohan and the STABLE Act appear to be an outgrowth of the rise of MMT and the power and ability of the state to solve economic problems like poverty and joblessness. Rohan wants to protect 'money', which he believes is a public institution that needs protecting!
Also interestingly, the goals of the STABLE Act and DeFi are highly similar, yet are opposing in their strategies for achieving these goals.
Tune into the conversation to learn about a diversity of perspectives regarding how to protect money!
The STABLE Act:https://tlaib.house.gov/media/press-releases/tlaib-garcia-and-lynch-stableact
Coin Center's comment on the STABLE Act:https://www.coincenter.org/the-unintended-consequences-of-the-stable-act/
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Follow David on Twitterhttps://twitter.com/TrustlessState -----Not financial or tax advice. This channel is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This video is not tax advice. Talk to your accountant. Do your own research.
Disclosure. From time-to-time we may add links in this channel to products we use. We may receive commission if you make a purchase through one of these links. We'll always disclose when this is the case
Why The War On Physical Cash Is A War On Freedom
Commerce and payments are increasingly digital. This shift from physical to electronic is one that governments and businesses are eager to accelerate for a host of reasons. But what gets lost when we no longer have access to physical cash? On this episode, we speak with Rohan Grey, President of The Modern Money Network and the research director of the Digital Fiat Currency Institute about how governments can introduce digital currencies that enable electronic commerce, while preserving the privacy protections of physical cash.
See omnystudio.com/listener for privacy information.