The latest episode of Bitcoin Policy Hour delves into Tether's strategic launch of a U.S. stablecoin, exploring its potential as a political hedge. The discussion highlights Tether's compliance with U.S. regulations and its implications for global liquidity. Additionally, the episode examines Coinbase's significant influence in Congress, shedding light on its role in shaping cryptocurrency legislation. The episode also addresses the broader economic context, focusing on the debasement trade's impact on hard money assets like gold, silver, and Bitcoin. The conversation includes insights into regulatory harmonization between the SEC and CFTC, and the ongoing national security debate surrounding Section 1960. These discussions underscore the evolving landscape of digital currencies and their intersection with traditional financial systems.