In this Galaxy episode, host Alex Thorn chats with Omid Malekan, a blockchain professor at Columbia Business School, about stablecoins and the CLARITY Act. The discussion surveys the bank lobby’s negotiating position and argues that fears of deposit flight or a negative impact on credit creation from yield-bearing stablecoins are, at best, overblown and, at worst, disingenuous.
Alongside Malekan, Galaxy Trading’s Beimnet Abebe weighs in on bitcoin markets, macro conditions, and geopolitical concerns. The conversation underscores how policy design can foster innovation while preserving systemic resilience.
Overall, the dialogue emphasizes ongoing regulatory debates and the importance of balancing innovation with financial stability. It invites listeners to scrutinize policy proposals like the CLARITY Act through the lens of real-world outcomes.
Leave a Reply