 and Minority Depository Institutions (MDIs) in this evolving landscape. As summer comes to a close and Congress prepares to reconvene, Cleve shares insights on the importance of increasing access to digital assets and enhancing financial education, particularly for underserved communities.){kind=link}
“It’s about increasing access to digital assets. It’s about increasing financial education.” – 01:23
Cleve Mesidor, Executive Director at Blockchain Foundation, joins Remy Blaire to discuss the critical roles of Community Development Financial Institutions (CDFIs) and Minority Depository Institutions (MDIs) in this evolving landscape. As summer comes to a close and Congress prepares to reconvene, Cleve shares insights on the importance of increasing access to digital assets and enhancing financial education, particularly for underserved communities.
The conversation delves into how CDFIs and MDIs are currently assessing digital assets and the unique opportunities they present for offering risk mitigation services and financial education. Cleve highlights the necessity for regulators, including the Federal Reserve, FDIC, and OCC, to conduct studies on how these institutions can effectively provide digital asset services and educational resources to their communities.
As the episode coincides with the back-to-school season, Remy and Cleve discuss the evolving nature of financial education. Cleve points out that financial literacy has transformed; it is no longer just about basic knowledge but about expanding access to financial markets and understanding new financial instruments, such as stablecoins. He reflects on his personal journey in the crypto space and how it has broadened his understanding of various investment options.