Yakovenko critiques ‘bizarre’ inadequacies of current financial system

Rest assured, crypto faithful. A massive, dramatic shift, from today’s old-fashioned financial system to blockchain technology will happen in the US, Anatoly Yakovenko says. 

Just as soon as Congress passes a stablecoin bill.

“There is just a massive regulatory roadblock right now,” he says. Speaking on the 1000X podcast (Spotify/Apple), the Solana co-founder says, “Everyone knows this technology is better. It’s easier. All the APIs are easier.” 

Yakovenko contrasts the merchant experience with crypto-based stablecoin technology versus services like Stripe and PayPal. Setting up in the old system feels like it takes “a pound of flesh and a firstborn to deal with the…

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