Why The Banking Lobby Is Fighting Stablecoin Yield

Описание: Zack Shapiro, Head of Policy at the Bitcoin Policy Institute and Founder of Rains, joins us to talk about the shifting landscape of crypto regulation under the Trump administration. We discuss why the CLARITY Act is in limbo, the "Defi mullet" and the legal challenges facing AI agents. Zack gives a behind-the-scenes look at the banking lobby's war on stablecoin yields and evaluates the progress of the Strategic Bitcoin Reserve.








Subscribe to the newsletter! https://newsletter.blockspacemedia.com








Notes:



Banks lobbied for 1:1 yield ban.



Coinbase takes their pound of flesh



AI ends billable hour standard.








Timestamps:



00:00 Start



00:24 Who is Zack?



01:25 Bitcoin Policy Institute



04:23 Current policy outlook



10:49 CLARITY Act



17:34 Will CLARITY pass?



19:32 Commodities vs Securities



21:02 Safe harbor



21:19 Howey & Utility tokens



22:37 Developer protections



24:25 How good are protections in CLARITY?



28:56 Crypto crashout & AI agents



33:43 Front ends & KYC



36:13 OFAC



39:43 Ideals in crypto



42:21 BASE



43:30 Crypto in-fighting



46:55 LLMs & the law



52:17 Prediction markets








The Gwart Show is sponsored by Ellipsis Labs. Ellipsis Labs builds the most efficient on-chain markets. Their orderbook and Prop AMM products have delivered price improvement to hundreds of billions of dollars in retail volume. Now, they are bringing their expertise to build Phoenix, the best on-chain perpetuals platform.








Ellipsis Labs is hiring New York-based engineers. If you're an engineer looking to work with a proven team in making DeFi better, go to ellipsislabs dot xyz slash careers.





Learn more about your ad choices. Visit megaphone.fm/adchoices (https://megaphone.fm/adchoices)