{"version":1,"type":"rich","provider_name":"Libsyn","provider_url":"https:\/\/www.libsyn.com","height":90,"width":600,"title":"Regulating Stablecoins","description":"Art Wilmarth is Professor Emeritus at The George Washington University Law School. In this episode, Art discusses his new paper, \u201cIt\u2019s Time to Regulate Stablecoins as Deposits and Require Their Issuers to Be FDIC-Insured Banks.\u201d Specifically, Art explains why he believes that stablecoin issuers and distributors should be required to become FDIC-insured banks and the other steps he would like to see financial regulators take in the interim, including having the SEC use its existing authority to regulate stablecoins as \u201csecurities\u201d and having the Department of Justice designate stablecoins as \u201cdeposits\u201d and bring enforcement actions to prevent issuers and distributors of stablecoins from unlawfully receiving \u201cdeposits\u201d in violation of Section 21(a) of the Glass-Steagall Act. &amp;nbsp; Related Links: &amp;nbsp; Art\u2019s profile: Arthur E. Wilmarth, Jr. | GW Law | The George Washington University (gwu.edu) &amp;nbsp; It\u2019s Time to Regulate Stablecoins as Deposits and Require Their Issuers to Be FDIC-Insured Banks: https:\/\/papers.ssrn.com\/sol3\/papers.cfm?abstract_id=4000795 &amp;nbsp; President\u2019s Working Group on Financial Markets Report on Stablecoins: https:\/\/home.treasury.gov\/news\/press-releases\/jy0454 ","author_name":"The FinReg Pod","author_url":"http:\/\/thefinregpod.libsyn.com\/website","html":"<iframe title=\"Libsyn Player\" style=\"border: none\" src=\"\/\/html5-player.libsyn.com\/embed\/episode\/id\/21898484\/height\/90\/theme\/custom\/thumbnail\/yes\/direction\/forward\/render-playlist\/no\/custom-color\/88AA3C\/\" height=\"90\" width=\"600\" scrolling=\"no\"  allowfullscreen webkitallowfullscreen mozallowfullscreen oallowfullscreen msallowfullscreen><\/iframe>","thumbnail_url":"https:\/\/assets.libsyn.com\/secure\/content\/34180937"}