182 - Why MICA Regulation May Be Bad
Description
In the latest episode in my ‘From Risk to Rescue' series, I discuss what MICA is, some of its benefits, and why I think the cons outweigh the pros.
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Today's episode:
[00:47 ] An overview of today’s focal topic.
[00:57 ] The most commonly-cited MICA benefits.
[02:09 ] What MICA is.
[02:56 ] Why I am not a fan of the Travel Rule.
[03:47 ] My concern with the way lawmakers value crypto.
[04:58 ] Some of the MICA requirements for stablecoin issuers that I disagree with.
[07:34 ] The story of Luna’s stablecoin collapse.
[08:40 ] The biggest issues with the current financial system.
[10:47 ] The main purpose of MICA.
[11:12 ] Negative outcomes that MICA is likely to cause.
Show links:
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