The U.S. Finally Has Stablecoin Legislation. Can Crypto Compete With Banks? - Ep. 871

In this episode of Unchained, Laura Shin interviews Dante Disparte, Chief Strategy Officer at Circle, about the GENIUS Act, a significant piece of crypto legislation. Disparte discusses the bipartisan support for the bill, its implications for stablecoin regulation, and its potential impact on the U.S.'s role in the global digital currency landscape. He highlights how the act promotes competition, protects consumers, and preserves state oversight of banking and payments, while also addressing concerns around political interests and the need for international reciprocity. The conversation also explores Circle's plans, including its application for a national trust bank, and how it intends to compete with traditional banks in the evolving digital finance ecosystem, as well as the potential impact of the law on everyday Americans and the U.S.'s global standing. The episode concludes with a news roundup covering topics such as Pump.Fun's ICO, Coinbase's BASE app launch, Trump's plans for crypto in 401k plans, and other significant events in the crypto space.