Orrick partners Dan Ullman and Ben Hutten join RegFi co-hosts Jerry Buckley and Sasha Leonhardt to examine the mechanics of tokenized deposits and the evolving regulatory framework surrounding digital payments. They discuss the FDIC’s proposed treatment of tokenized deposits under the GENIUS Act, the infrastructure banks would need to support tokenized payment systems, interoperability challenges, and the implications for liquidity, compliance and financial crime monitoring. The conversation also explores how tokenized deposits may develop alongside stablecoins in the broader digital asset ecosystem.
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