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Crypto takeover of U.S. banking and finance? - Nevin Freeman
In this video, Nevin Freeman, Co-founder of Reserve, and Ernest Hoffman of Kitco News discuss the potential impact of Congress' proposed stablecoin draft bill. They also delve into the possibilities of tokenized securities, the SEC's recent enforcement actions, and the potential of stablecoins to disrupt traditional banking in developed countries.
Follow Kitco News on Twitter: @KitcoNewsNOW (https://twitter.com/KitcoNewsNOW)
Follow Nevin Freeman on Twitter: @nnevvinn (https://twitter.com/nnevvinn)
0:00 - Crypto developments
1:35 - Stablecoins used to access US dollars
3:58 - Developed economies may switch to stablecoins
6:33 - DeFi and tokenized securities
8:30 - National security risks of tokenized securities
10:24 - Congress draft stablecoin bill
25:31 - SEC regulation and enforcement
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