In the latest episode in my ‘From Risk to Rescue’ series, I discuss what MICA is, some of its benefits, and why I think the cons outweigh the pros. 

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Today’s episode:

• [00:47] An overview of today’s focal topic.
• [00:57] The most commonly-cited MICA benefits. 
• [02:09] What MICA is.
• [02:56] Why I am not a fan of the Travel Rule.
• [03:47] My concern with the way lawmakers value crypto. 
• [04:58] Some of the MICA requirements for stablecoin issuers that I disagree with.
• [07:34] The story of Luna’s stablecoin collapse. 
• [08:40] The biggest issues with the current financial system. 
• [10:47] The main purpose of MICA. 
• [11:12] Negative outcomes that MICA is likely to cause. 

Show links:

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