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

- Channel: [Stable Summit](https://streameth.org/stable_summit)
- Date: 2025-10-07
- Duration: 47:07
- Watch: https://streameth.org/watch/yt-27onIvjAdSk
- YouTube: https://www.youtube.com/watch?v=27onIvjAdSk

## Description

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

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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

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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.