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What You Need to Know About Biden’s Stablecoin Report

The much anticipated document has finally been released, and here’s what the crypto community is saying about it.

November 2, 2021

This episode is sponsored by NYDIG.

The President’s Working Group on Financial Markets has finally released its much-anticipated report on Stablecoins. In this episode, NLW breaks down:

  • The PWG’s three major concerns surrounding stablecoins
  • The significance of its recommendation that Congress legislate stablecoins
  • The reactions of the crypto community, stablecoin issuers and interested politicians

“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell, research by Scott Hill and additional production support by Eleanor Pahl. Adam B. Levine is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsor is “Dark Crazed Cap” by Isaac Joel. Image credit: Samuel Corum/Bloomberg/Getty Images, modified by CoinDesk.