Monday Jan 20, 2025

Reshaping the Future of Stablecoins

The global stablecoin legislation discussion is increasing every day, but if you have a framework in Singapore, that's independent from the EU and the U.S., it defeats the whole purpose of having a stablecoin that's supposed to be frictionless and make global payments easier.

In this engaging episode,  Jason Somensatto, Head of North American Public Policy at Chainalysis, talks all things policy with Lesley Chavkin, Head of Global Public Policy at Paxos. They explore this evolving landscape of crypto policy and the intricacies of crypto regulation, the potential for stablecoins and the impact of policy-making on the future of digital assets. 

Lesley explains Paxos' global operations, including their strategic expansion in the EU and the implications of the Markets in Crypto-Assets (MiCA) framework, while sharing a behind the scenes look at their stablecoin partnership with PayPal’s PYUS, and the essential need for a robust federal regulatory regime in the U.S. to reinforce the US dollar dominance globally. 

Minute-by-minute episode breakdown

2 | Lesley’s career from the public sector with the CIA and Department of Justice

4 | Navigating crypto policy through global government and financial sectors

6 | Paxos: The “OGs” of blockchain infrastructure for enterprises

8 | Understanding the digital asset stakeholders that have an impact on policy

11 | The difference between a trust structure and a traditional bank

13 | Navigating the challenges of EU’s MiCA stablecoin regulations

16 | The role of stablecoins in payments and US dollar dominance

22 | Terra Luna: Understanding why all stablecoins aren’t created equally

26 | Explaining away concerns to regulators about financial crime in digital assets

33 | The need for a stablecoin federal regulatory program in the USA

39 | The future of stablecoin regulation and global financial innovation

41 | How governments could benefit by using stablecoins 

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Speakers on today’s episode

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