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This episode is sponsored by NYDIG.
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The President’s Working Group on Financial Markets has finally released its much-anticipated report on Stablecoins. In this episode, NLW breaks down:
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The PWG’s three major concerns surrounding stablecoins
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The significance of its recommendation that Congress legislate stablecoins
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The reactions of the crypto community, stablecoin issuers and interested politicians
See also: The US Treasury’s Stablecoin Report Would Treat Issuers Like Banks, but Doesn’t Address How
“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell, research by Scott Hill and additional production support by Eleanor Pahl. Adam B. Levine is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsor is “Dark Crazed Cap” by Isaac Joel. Image credit: Samuel Corum/Bloomberg/Getty Images, modified by CoinDesk.