Washington's think tanks and wonks turn to stablecoins, CBDCs by the_postman_
Aaron Klein, a senior fellow at Brookings who wrote about the impact of Biden's cryptocurrency executive order, described the interest as"a combination of continuing long-run research into the broad field coupled with the growth of an industry that's booming."
It is part of the legislative process that high-priority items attract heavy-hitting intellectuals to the policy discussion. Some are relatively new to the crypto world but are having to get educated quickly. But others have engaged with crypto, at least tangentially, for years. “Some kinds of private stablecoins are legitimate payments mechanisms,” Kupiec told The Block. “There are other kinds of stablecoins that I think it’s much less clear that they’re legitimate, and to me those are the algorithmic stablecoins.”
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