Steve Kurz (Galaxy) on Opportunities in Crypto
Galaxy Brains
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The Importance of Blanket Deposit Insurance
Think about this banking crisis. They basically had to blanket guarantee all deposits, you know, for this banking crisis, not to happen. And now if you ask a government official, are all deposits guaranteed by the FDIC? They'll be like, no. But in theory, it's like, will the US ever allow a depositor to not be made whole in banks? The big crisis of confidence. It'd be a huge crisis of confidence," he says.
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