Jul 2, 2024

Dante Disparte, Chief Strategy Officer and Head of Global Policy at Circle, joins CoinDesk with his analysis on the key factors to establishing crypto regulation.

Video transcript

Lots of good and bad things have happened to our industry on crypto Twitter, for example, in, in the stable coin category, anytime you have had to turn to Twitter to make promissory statements to the market of the Jerry Maguire variety. Show me the money. In many cases, there was very little money there and we ended up with the Terra lua debacle. Uh And I think today the same holds true, right. Um The 71 Democrats that voted in favor of fit 21 or, or voted for example, to repeal uh SAB 21 and voted in favor of the Stable Queen legislation in the House Financial Services Committee. Uh All are demonstrative of this idea of consensus laws get passed when you form consensus and consensus cannot be formed. If we're having a tribal fight and point scoring on Twitter, it's actually uh consensus is formed with human contact. No surprises. And it's a, it's a, it's all about building trust.

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