What is the speaker's main concern about the regulatory oversight of stable coins?
The Fed's New Crypto Team

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Business, Social Studies
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University
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Hard
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7 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
It might not be strict enough.
It is too lenient on traditional banks.
It could go too far.
It is not well-defined.
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
According to the speaker, what is the primary purpose of stable coins?
To replace physical currency.
To eliminate the need for banks.
To enhance US dollar hegemony.
To support cryptocurrency markets.
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What does the speaker hope the US government will recognize about stable coins?
They are primarily a crypto issue.
They are unnecessary in the digital age.
They are a tool for dollarization.
They are a threat to traditional banks.
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What does the speaker identify as a risk associated with stable coins?
They are too volatile.
The misleading use of USD labels.
They are difficult to regulate.
They are not widely accepted.
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What does the speaker suggest is necessary for stable coins to be considered safe?
They should be regulated and backed by actual dollars.
They should be free from government oversight.
They need to be widely accepted by merchants.
They must be backed by physical gold.
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What was the speaker's reaction to the sale of DM's assets to Silvergate?
Disbelief and disappointment.
Excitement about new opportunities.
Relief that it was resolved.
Indifference to the outcome.
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the speaker's main concern regarding Silicon Valley Bank's financial troubles?
The bank's reputation.
Access to working capital for companies.
The impact on cryptocurrency markets.
The effect on international trade.
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