The most charitable reading is that your savings become crypto’s bailout, you eventually get made whole by FDIC on deposits below FDIC caps — but the bill effectively forces FDIC to cover crypto without paying insurance…& you might get screwed anyway if FDIC no longer exists 👇

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Yes, in the granular details it is more complicated that that, but that’s the general overarching theory, and I think it’s hard to deny its veracity