One by one all the firewalls that preserved the rest of the economy when FTX and other crypto firms collapsed in 2022 are coming down.
Reposted from
graham steele
The OCC, the regulator for national banks, rescinded its requirement that banks get the agency's approval before doing business with cryptocurrencies & crypto companies.
Not surprising, but this'll bring a lot more risk into the banking system which is backed by the public.
occ.gov/news-issuanc...
Not surprising, but this'll bring a lot more risk into the banking system which is backed by the public.
occ.gov/news-issuanc...
Comments
A bit different from other strategic reserves.
Next up... the Strategic Fentynal Reserve.