Willkie Farr & Gallagher Senior Counsel and former CFTC Chairman Chris Giancarlo joins Emily Chang and Sonali Basak to discuss the U.S. House hearing on stablecoins, in which U.S. Treasury Undersecretary for Domestic Finance Nellie Liang said that tech companies that aren't licensed as banks shouldn't offer crypto stablecoins.
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Francisco Gimeno - BC Analyst Is 2022 going to be the year of regulation for crypto and stablecoins? If at least the debate and discussions opening around mean that politicians and stakeholders in the financial world understand better the crypto landscape then we can see advance on real regulation which is not putting a collar on the digital financial market by the central banks and the traditional banking system. The real financial innovators are not the tradicional market anymore, but the new technological start ups.