Why MICA Regulation May Be Bad
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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