
Crypto & the SVB Banking Crisis with Marty Bent & Michael Krieger
Unlimited Hangout with Whitney Webb
00:00
The Fed's Round-the-Clock Payment and Settlement Service
The Federal Reserve is trying to launch its own round-the-clock payment and settlement service, which is called FedNow. So maybe they, you know, this seems like kind of a convenient way to maybe get rid of some of the competition to pave the way for CBDCs. But yeah, it's definitely very convenient then that these networks of critical networks of crypto infrastructure have essentially been decimated, right? Or at least they'll be bought up by some big Wall Street bank. Exactly. I think that's why this was all done. And that's also why they're saying the FDIC is now saying that whoever buys signatures assets or the bank itself has to get rid of
Transcript
Play full episode