Crypto Regulation Needs to Be Dealt With Now: Rodgin Cohen

The video discusses the importance of filling a new Dodd-Frank position for effective regulation in the banking system, including modernization of the Community Reinvestment Act and Basel III rules. It highlights issues with bank mergers due to processing delays, affecting employees and communities. Stress tests are evaluated for their rigor and economic assumptions. The need for regulation of digital currencies, particularly stable coins, is emphasized, considering their potential impact on financial systems and global participation.

What are the three conceptual ways to deal with cryptocurrency regulation mentioned in the text?

What role does regulation play in ensuring the safety and soundness of the financial system?

How could stable coins potentially democratize financial systems around the world?