Bitcoin Policy Hour: The Fight Over Stablecoins & Crypto Market Structure

<p>Why are banks fighting stablecoin yield and why does it matter for Bitcoin? Zack Shapiro, Ken Egan, and Zack Cohen, break down the political battle unfolding in the U.S. Senate and why Coinbase’s opposition could derail market structure reform in the latest Senate bill. From developer protections to self-custody rights, this episode explores what’s at stake for the future of Bitcoin in the United States.</p><p>🔶 Connect with Zack Shapiro on X: <a href="https://www.youtube.com/redirect?event=video_description&redir_token=QUFFLUhqa3hPRXNIa09BcHkyajF3c015N09LZGRYMTY3UXxBQ3Jtc0trMDdkZUxNWFBITnZxQTNPTlFFLUNFOEJNc2ZhTFA3dzJDdzk3Z3VmbXdXNm1hckszT1BkRld4M05tVGZ6eXlwZXBNbjZjX2dYZ0JVSWxSVXpTbjQzczRBeEViYUlvZ01DZzdicHVUNUFXejVCSExWWQ&q=https%3A%2F%2Fx.com%2Fzackbshapiro&v=rsBh_KsvVF8" target="_blank" rel="ugc noopener noreferrer">https://x.com/zackbshapiro</a></p><p>🔶 Connect with Zack Cohen on X: <a href="https://www.youtube.com/redirect?event=video_description&redir_token=QUFFLUhqbTJNWHE5bzcybVB1WTdHaVBVUmRhV2dvUk1TZ3xBQ3Jtc0tub1Vzb0VKTGJRUWlRRm9RTGMzdFVuczdHSUI3dEpWbGpxVlBqUEx6NmJjWUFQZXl5OWVCa0s4VXViSVpnNUZSOWRFY2tYRk9TazhUYzZxeTBlWmxDeVBpM3diNWxhcGNDUmp6dGlpT09TU2IwcHFEUQ&q=https%3A%2F%2Fx.com%2Fzackcohen_&v=rsBh_KsvVF8" target="_blank" rel="ugc noopener noreferrer">https://x.com/zackcohen_</a></p><p>🔶 Connect with Ken Egan on X: <a href="https://www.youtube.com/redirect?event=video_description&redir_token=QUFFLUhqbDV4NUxwQWJveVNCNEF2VVhvT2NRN2VmMmd5QXxBQ3Jtc0trR1MwVjdWSkFuaWxpdllKbjdXUF9UVTlMckJoc1A1QmpoVUg4ZjU3a1ZzbXJRWkZxX0I1MW15dGszY0VxQkU2RGY1LUN5aUx3WVFDT2xFY1N5MTNoSXlKbUZKVkIxQmNLSWd1bUFNOXI5cUhRcDFMRQ&q=https%3A%2F%2Fx.com%2FBayman11771&v=rsBh_KsvVF8" target="_blank" rel="ugc noopener noreferrer">https://x.com/Bayman11771</a></p><p>🔶 Learn more about the Bitcoin Policy Institute: <a href="https://www.youtube.com/redirect?event=video_description&redir_token=QUFFLUhqazVaSEp2UDUxa2ZaVEthM3hZd2FJNXpfbTY5d3xBQ3Jtc0tucVltTS1uSGJxSE9XWGdZbm9xQ2RDUUVlXzROTGI0ZzBnVWZpdm85eTlOaUN0TnNMY0FSbEp3UEFlQ1YzcmZqanNHejJ5X3NXbjRNaWVEZ1NIQXVDcmdyck5mbTlBVWlab0JXYU1Tc3VqSXNXWTFfcw&q=https%3A%2F%2Fwww.btcpolicy.org%2F&v=rsBh_KsvVF8" target="_blank" rel="ugc noopener noreferrer">https://www.btcpolicy.org/</a></p><p>Chapters: </p><p><a href="https://www.youtube.com/watch?v=rsBh_KsvVF8&list=PLe0djdakvnFYsVHA9JYgwj9bZ5wPCXlK6&index=2" target="_blank" rel="ugc noopener noreferrer">00:00</a> – Why U.S. Payments Lag Behind the World </p><p><a href="https://www.youtube.com/watch?v=rsBh_KsvVF8&list=PLe0djdakvnFYsVHA9JYgwj9bZ5wPCXlK6&index=2&t=305s" target="_blank" rel="ugc noopener noreferrer">05:05</a> – What the Market Structure Bill Is Trying to Do </p><p><a href="https://www.youtube.com/watch?v=rsBh_KsvVF8&list=PLe0djdakvnFYsVHA9JYgwj9bZ5wPCXlK6&index=2&t=610s" target="_blank" rel="ugc noopener noreferrer">10:10</a> – Stablecoin Yield and Coinbase’s Breaking Point </p><p><a href="https://www.youtube.com/watch?v=rsBh_KsvVF8&list=PLe0djdakvnFYsVHA9JYgwj9bZ5wPCXlK6&index=2&t=920s" target="_blank" rel="ugc noopener noreferrer">15:20</a> – Banking Lobby Power and Protectionism </p><p><a href="https://www.youtube.com/watch?v=rsBh_KsvVF8&list=PLe0djdakvnFYsVHA9JYgwj9bZ5wPCXlK6&index=2&t=1215s" target="_blank" rel="ugc noopener noreferrer">20:15</a> – Developer Protections and Self-Custody Explained </p><p><a href="https://www.youtube.com/watch?v=rsBh_KsvVF8&list=PLe0djdakvnFYsVHA9JYgwj9bZ5wPCXlK6&index=2&t=1500s" target="_blank" rel="ugc noopener noreferrer">25:00</a> – Why No Bill Could Be Worse Than a Bad Bill </p><p><a href="https://www.youtube.com/watch?v=rsBh_KsvVF8&list=PLe0djdakvnFYsVHA9JYgwj9bZ5wPCXlK6&index=2&t=1800s" target="_blank" rel="ugc noopener noreferrer">30:00</a> – DOJ, Samurai Wallet, and the Strategic Bitcoin Reserve </p><p><a href="https://www.youtube.com/watch?v=rsBh_KsvVF8&list=PLe0djdakvnFYsVHA9JYgwj9bZ5wPCXlK6&index=2&t=2130s" target="_blank" rel="ugc noopener noreferrer">35:30</a> – De Minimis Tax Exemptions and Network Fees