All Things Crypto

ATC quote · May 21, 2025 · 0:32:00

“Yeah. So here's what here's what I'll say, and then I... I'd love to kinda pass it around to these guys. But when... What what the genius act is meant to do is put a framework in place for…”

Dave @DCBK2LA

From All Things Crypto: What AI tokens are these KOLs buying?, May 21, 2025 · Episode page

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0:31:15 Kkoma @itskkoma: Yeah. No. I have two questions. I... And excuse my... It's, like, lack of awareness about this bill. But I guess the first one is, like, how does this impact Tether in general? Like, because they are the the kings of stablecoin at the moment, but maybe that will change. And then two, generally, you buy something with your crypto, it's considered a taxable event. Like, is that... Is a stablecoin usage still a tax..…

0:32:00 Dave @DCBK2LA: Yeah. So here's what here's what I'll say, and then I... I'd love to kinda pass it around to these guys. But when... What what the genius act is meant to do is put a framework in place for stablecoin issuance and regulation. Right? The tax stuff, not this. Something completely separate. I even know what the name of that one. I think Landy has spoken about it a few times, but that is completely in... Like, totally…

0:33:19 Landy @CryptoLandy: So the, the OCC is the office of, the control of currency, and they're the ones who actually regulate the banks. The... And there's... A lot of people think... Like, when you think of the the Fed and OCC work hand in hand, there's not, like, one that supersedes the other. They do different things. Like, you know, the OCC plays a a role in... Essentially, to make it easy for everyone. It is, they... They're kind of…

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