Weekly Roundup 03/10/23 (Choke Point 2.0, staking in the crosshairs, ordinals take off) (EP.396)
On The Brink with Castle Island
00:00
Is There a Bank Oversight Regime for Cryptocurrencies?
It's going to be a lot harder for crypto startup to get a bank account, which will have a bad impact on the fundraising environment. So you'll see tether become more popular in a paradigm where it's more difficult to launch a US stablecoin. The other thing is I wrote in the article that I thought the motivation here was to use the banking rails to inhibit the next FTX, so to speak. That's very naive because stablecoins already exist, including offshore ones.
Play episode from 30:42
Transcript
