EPISODE · May 16, 2026 · 56 MIN
The Banks Lose The Yield Fight: Inside The CLARITY Act Stablecoin Battle | BPH EP 37
from Bitcoin Magazine Podcast · host BTC Media
Why are bankers, the AFL-CIO, and law enforcement unions all storming Capitol Hill at the same time? In this episode of the Bitcoin Policy Hour, Zack Cohen sits down with Zack Shapiro and Ken Egan to dissect the CLARITY Act markup, the BRCA developer protection carve-out, and the bizarre coalition trying to kill stablecoin yield. They explain why Tim Scott and the Senate Banking Republicans held the line and what 100+ amendments from Senator Cortez Masto really mean. 🔶 Connect with Zack Shapiro on X: https://x.com/zackbshapiro🔶 Connect with Zack Cohen on X: https://x.com/zackcohen_🔶 Connect with Ken Egan on X: https://x.com/Bayman11771🔶 Learn more about the Bitcoin Policy Institute: https://www.btcpolicy.org/Chapters: 03:00 — BRCA Developer Carve-Out Explained: Intent vs. Knowledge Under Section 196008:30 — Why Tornado Cash and Samourai Wallet Prosecutors Couldn't Prove Specific Intent14:00 — Civil Liberties vs. Law Enforcement: Where BPI Draws the Line19:00 — Bankers, AFL-CIO, and Police Unions: The Strange Coalition Against CLARITY24:00 — 100+ Amendments, Cortez Masto, and the Real Risk of Legal Gray Areas29:30 — Section 404 and Stablecoin Yield: How Coinbase and Circle Won the Loophole37:30 — The Two-Year FDIC Study: Why Congress Loves a "Nothing Burger"39:30 — Ken Egan on Iran: Federalization, the IRGC, and Regime-Change Risk49:30 — Trump's Xi Meeting, Tech Leaders, and the U.S.–China AGI Race#Bitcoin #BitcoinPolicy #CLARITYAct #BRCA #StablecoinYield #GENIUSAct #TornadoCash #SamouraiWallet #Section1960 #BankSecrecyAct #FinCEN #Coinbase #Circle #USDC #SenateBanking #TimScott #ElizabethWarren #CortezMasto #BitcoinPolicyInstitute #BPI #Washington #Regulation #DigitalAssets #Stablecoins #NonCustodial #PrivacyTools #DeveloperRights #Iran #TrumpXi #China #IRGC #RegimeChange #USPolicy #Geopolitics #BitcoinNewsDISCLAIMER: The views and opinions expressed in this show are those of the participants and do not necessarily reflect the official policy or position of BTC Inc., Bitcoin Magazine, or any affiliated entities. This content is provided for informational and educational purposes only and should not be construed as investment, legal, tax, or accounting advice. Nothing contained in this show constitutes a solicitation, recommendation, endorsement, or offer to buy or sell any securities or financial instruments. Viewers should consult their own advisors before making financial or business decisions.
What this episode covers
Why are bankers, the AFL-CIO, and law enforcement unions all storming Capitol Hill at the same time? In this episode of the Bitcoin Policy Hour, Zack Cohen sits down with Zack Shapiro and Ken Egan to dissect the CLARITY Act markup, the BRCA developer protection carve-out, and the bizarre coalition trying to kill stablecoin yield. They explain why Tim Scott and the Senate Banking Republicans held the line and what 100+ amendments from Senator Cortez Masto really mean. 🔶 Connect with Zack Shapiro on X: https://x.com/zackbshapiro🔶 Connect with Zack Cohen on X: https://x.com/zackcohen_🔶 Connect with Ken Egan on X: https://x.com/Bayman11771🔶 Learn more about the Bitcoin Policy Institute: https://www.btcpolicy.org/Chapters: 03:00 — BRCA Developer Carve-Out Explained: Intent vs. Knowledge Under Section 196008:30 — Why Tornado Cash and Samourai Wallet Prosecutors Couldn't Prove Specific Intent14:00 — Civil Liberties vs. Law Enforcement: Where BPI Draws the Line19:00 — Bankers, AFL-CIO, and Police Unions: The Strange Coalition Against CLARITY24:00 — 100+ Amendments, Cortez Masto, and the Real Risk of Legal Gray Areas29:30 — Section 404 and Stablecoin Yield: How Coinbase and Circle Won the Loophole37:30 — The Two-Year FDIC Study: Why Congress Loves a "Nothing Burger"39:30 — Ken Egan on Iran: Federalization, the IRGC, and Regime-Change Risk49:30 — Trump's Xi Meeting, Tech Leaders, and the U.S.–China AGI Race#Bitcoin #BitcoinPolicy #CLARITYAct #BRCA #StablecoinYield #GENIUSAct #TornadoCash #SamouraiWallet #Section1960 #BankSecrecyAct #FinCEN #Coinbase #Circle #USDC #SenateBanking #TimScott #ElizabethWarren #CortezMasto #BitcoinPolicyInstitute #BPI #Washington #Regulation #DigitalAssets #Stablecoins #NonCustodial #PrivacyTools #DeveloperRights #Iran #TrumpXi #China #IRGC #RegimeChange #USPolicy #Geopolitics #BitcoinNewsDISCLAIMER: The views and opinions expressed in this show are those of the participants and do not necessarily reflect the official policy or position of BTC Inc., Bitcoin Magazine, or any affiliated entities. This content is provided for informational and educational purposes only and should not be construed as investment, legal, tax, or accounting advice. Nothing contained in this show constitutes a solicitation, recommendation, endorsement, or offer to buy or sell any securities or financial instruments. Viewers should consult their own advisors before making financial or business decisions.
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The Banks Lose The Yield Fight: Inside The CLARITY Act Stablecoin Battle | BPH EP 37
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