The Crypto Bros Are Fast Becoming Unbankable
https://www.bloomberg.com/opinion/articles/2023-03-14/signature-bank-shuttered-the-crypto-bros-are-fast-becoming-unbankable
Lionel Laurent notes:
Regulators have been warning for some time of the myriad crypto risks seeping into the mainstream banking system, comparing them directly to the $1.3 trillion subprime mortgage market that incentivized greed, exploited regulatory arbitrage and eventually led to the 2008 economic meltdown.
https://www.bloomberg.com/opinion/articles/2023-03-14/signature-bank-shuttered-the-crypto-bros-are-fast-becoming-unbankable
Lionel Laurent notes:
Regulators have been warning for some time of the myriad crypto risks seeping into the mainstream banking system, comparing them directly to the $1.3 trillion subprime mortgage market that incentivized greed, exploited regulatory arbitrage and eventually led to the 2008 economic meltdown.
Related:
Crypto Is Being De-Banked. What It Means for Bitcoin and the Industry.
https://www.barrons.com/articles/crypto-banks-bitcoin-silvergate-signature-silicon-valley-b560fc77
https://www.barrons.com/articles/crypto-banks-bitcoin-silvergate-signature-silicon-valley-b560fc77
UPDATE:
Crypto Companies Are Asking Jamie Dimon to Hold
Their Money
https://nymag.com/intelligencer/2023/03/crypto-companies-are-asking-jamie-dimon-to-hold-their-money.html
https://nymag.com/intelligencer/2023/03/crypto-companies-are-asking-jamie-dimon-to-hold-their-money.html