Legal Risk in Real-World Collateral: Structuring Stablecoins for Regulatory Resilience

Is Europe killing its stablecoin future with overregulation? This panel dives deep into legal risks, regulatory bottlenecks, and what it takes to build stablecoins that survive across jurisdictions. With speakers from Rain Cards, Blockaid, Notabene, and LlamaRisk, the conversation spans the GENIUS Act, BSA, FATF rules, MiCA, and how traditional compliance methods fail in crypto. The group also debates self-regulation, open systems, and why regulatory capture is already reshaping the industry. Speakers: Svetlin, Legal Counsel, Llamarisk Michael Lewellen, Head of Solutions Engineering, Blockaid Chris Grieco, General Counsel & CCO, Rain Cards Pelle Brændgaard, CEO & Co-founder, Notabene Moderator: Hugo - ImmuneFi --- 00:00 Introductions and Context 02:10 GENIUS Act and U.S. Political Realities 06:08 Coin Center’s Legal Battles and Regulatory Priorities 10:36 Swift for Crypto: Compliance at Scale 12:54 Regulation Theater vs Real Innovation 16:13 MiCA and the Collapse of EU Innovation 20:48 Can Self-Regulation Replace Government Rules? 25:41 TradFi Compliance vs Crypto Innovation 30:32 Regulatory Bloat and Incentive Conflicts 34:47 Third-Party Doctrine and Privacy Risks 38:03 DeFi, MiCA, and “Sufficient Decentralization” 41:41 Call to Action for Builders --- Explore Upcoming Events 👇 ➣ Stable Summit III: Devconnect • Website: https://www.stablesummit.xyz/ • Email: info@stablesummit.xyz • Apply to Speak/Sponsor: https://partyactionpeople.typeform.com/devconnect2025?typeform-source=www.stablesummit.xyz ➣ Stablecoin Summit: Singapore by XREX & Unitas • Website: https://stablecoinsummit.com/ • Email: team@stablecoinssummit.com • Apply to Speak/Sponsor: https://partyactionpeople.typeform.com/stblcoin3?typeform-source=stablecoinsummit.com ➣ Blockchain Oracle Summit: Devconnect • Website: https://blockchainoraclesummit.io/ • Email: info@partyactionpeople.com • Apply to Speak/Sponsor: https://partyactionpeople.typeform.com/BOS25apply ➣ Listen to the Stable School Podcast Link: https://stableschool.org/podcast ➣ Follow Stable Summit on X Link: https://x.com/stable_summit — About: By Stake Capital Group and Party Action People, and presented by Curve Finance, Stable Summit has been gathering leaders in stablecoins almost quarterly since 2023. Our content is curated through hours of one-on-one research with the leading minds in the stablecoin space. Each program is a highlight reel of what leaders in stables are curious about in real time. Our audience consistently features the full spectrum of the stablecoin ecosystem, from DeFi protocols to institutions, from stablecoin issuers to central banks, and every llama in between.