The Genius Act has been called the most significant piece of U.S. financial legislation since the aftermath of the 2008 financial crisis.
The Act provides a legal and regulatory framework for fiat-backed stablecoin issuance and is expected to spur vastly increased use of these blockchain-based payment tokens in national and international payments. The Genius Act is part of a larger agenda promoted by the Trump administration and aimed at promoting U.S. leadership in digital finance by integrating blockchain-based crypto assets into the "traditional" financial services system.
The event will be moderated by Todd H. Baker, Senior Fellow at the Richman Center for Business, Law & Public Policy, and Professor Jeff Gordon, Richard Paul Richman Professor of Law, Columbia Law School.
Participants include:
Josh Boehm, Partner, Paul Hastings
Ben Isaacson, Senior Vice President of Product Strategy, The Clearing House
Will Peck, Head of Digital Assets, Wisdom Tree
Alejandra Martinez, Partner, Foundation Capital
Ebrahim Poonawala, Head of North American Banks Research, BofA Securities
Amanda Fischer, Policy Director & COO, Better Markets
Takeshi Shirakami, Deputy Head of Secretariat, BIS
Michael J. Lee, Financial Research Economist, Federal Reserve Bank of New York
Kathryn Judge, Harvey J. Goldschmid Professor of Law
Join two panels of crypto and payments industry leaders, venture capitalists, crypto law specialists, banking analysts, consumer and market advocates, academics and experts from the Federal Reserve and the Bank for International Settlement as they discuss what the Genius Act does and doesn't do and why stablecoins matter for banks, the payments industry, crypto finance companies, Treasury markets and U.S. and global financial stability.