Weekly Roundup 05/20/22 (Terra aftershocks, El Salvador’s Bitcoin summit, Tether's redemption crisis) (EP.320)
On The Brink with Castle Island
Cryptocurrency
El salvidor looks likely to be the second country in this e to default on their debt. The byden administration is reportedly going to start pushing congress to insure the crypto exchangeis distinguished between client funds and corporate funds. Depositors of exchanges are junior, unsecured creditors, you know, they don't have aaa senior claim.
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