Bitcoin vs. The Fed: Former Congressman Thinks Bitcoin Is the Answer | Jeb Hensarling

Jeb Hensarling is the former Chairman of the House Financial Services Committee and one of the most influential voices in economic policy during the 2008 financial crisis. He has also joined ProCap BTC as a Senior Advisor. In this conversation, we talk about how Jeb pushed back against the bank bailouts, how those same issues led to the rise of bitcoin, his views on bitcoin, stablecoins, the broader crypto industry, and how technology and innovation are reshaping the financial system today. ====================== Check out my NEW show for daily bite-sized breakdowns of the biggest stories in finance, technology, and politics: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠http://pompdesk.com/⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ ====================== Simple Mining makes Bitcoin mining simple and accessible for everyone. We offer a premium white glove hosting service, helping you maximize the profitability of Bitcoin mining. For more information on Simple Mining or to get started mining Bitcoin, visit https://www.simplemining.io/ ====================== Xapo Bank, the world’s first fully licensed Bitcoin-enabled bank, offers military-grade security with an unmatched blend of physical and digital security, as well as pioneering regulatory oversight, so your funds are always protected. Beyond secure storage, they enable you to grow and use your Bitcoin. Earn daily interest in Bitcoin, spend with zero FX fees using a global card, and make instant payments via the Lightning Network for unrivalled access and convenience. Visit ⁠https://www.xapobank.com/pomp⁠ to join. ====================== Timestamps: 0:00 - Intro 2:25 - 2008 bank bailouts & Satoshi 6:21 - QE playbook & constant intervention 10:39 - Bitcoin as protection & property rights 17:11 - GENIUS Act & advice for industry regulation 24:36 - How to get lawmakers educated 28:11 - Why stablecoins matter for America & bitcoin 33:34 - How to think through a US bitcoin strategic reserve 38:39 - Opportunities in the intersection of finance and technology 43:25 - Choosing optimism & why Jeb is Long America