On Thursday, May 14, the Senate Banking Committee marks up the CLARITY Act in Washington. On the same day, hundreds of Bermudian residents will spend digital dollars at local merchants in Hamilton. One country is still arguing about whether stablecoins are allowed to compete with bank deposits. The other has been quietly running the answer for eight years.
In this episode, Dr. Tonya M. Evans walks through what's actually in the Section 404 compromise that Senators Tillis and Alsobrooks finalized May 1, what Western Union's official launch of its USDPT stablecoin on May 4 means for the next decade of cross-border payments, and what Premier David Burt's announcements at Consensus Miami signal about the world's first fully on-chain national economy.
You'll learn how Section 404 draws the line between passive yield and activity-based rewards on stablecoins, why the joint rulemaking authority across the SEC, CFTC, and Treasury will define the next decade of stablecoin economics, and what Bermuda's eight-year-old Digital Asset Business Act has actually produced. Plus the parallels to Western Union's launch with Anchorage Digital Bank, the Philippines and Bolivia pilot corridors, and the consumer-facing Stable by Western Union service launching in 40+ countries this year.
What it means for individual investors, business owners, financial advisors, and lawyers building expertise in this space right now. From CLARITY to strategy. New episodes every Tuesday.
Resources at ProfTonyaEvans.com/clarity and ProfTonyaEvans.com/beyondtheJD.
Visit Dr. Evans' website at: www.ProfTonyaEvans.com
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To listen to more of Dr. Tonya Evans' Podcasts, Visit: https://proftonyaevans.com/podcasts/
Strategic Advisor | Digital Assets & Regulatory Policy
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📖 Author: Digital Money Demystified | Electing Crypto
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