• 182 - Why MICA Regulation May Be Bad

  • Jul 4 2024
  • Length: 13 mins
  • Podcast

182 - Why MICA Regulation May Be Bad

  • Summary

  • 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.

    If you found value in this episode, I would really appreciate it if you could leave a review! My mission is to help and support as many FinTech startups as possible, and when you leave a positive review, more people can find this podcast and help their companies! If you are on Apple, just click here to review, select “Ratings and Reviews” and “Write a Review” and tell me what your favorite part of the podcast is.

    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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