The Collapse of SVB, Silvergate & Signature Bank | Caitlin Long and Nic Carter
Supply Shock
00:00
Cryptocurrency and the FDIC
The Fed was most uncomfortable with the digital dollar in custodia's business plan. The FJIC is absolutely at the center of this, and I believe part of the reason custodia, and generally the SBDI construct was attacked because they would have been potentially exempt from FDIC insurance requirements as a fully reserved institution. That removes a political lever of control, given that the FDIC was the primary instrument of choke point one point out. This is an interagency process. It's highly coordinated. And some of the things that we've been told from insiders who have come forward very much pertain to exactly that.
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