If bick coin were to go bust, it would wipe out a trillion dollars in the economy. A lot of people who put money into it would lose that money. It's not really a risk that you can measure and really prepare for at this point. And i think that's probably what the s c c is thinking here, which is why they have f d i c insurance and why they have regulations.
Coinbase CEO Brain Armstrong took to Twitter to call out the SEC for what Coinbase considers unclear guidance & hostility around their Lend product, Jason breaks down the situation (1:43). Then, to better understand how DeFi lending works Jason interviews Matt Ballensweig the Head of Institutional Lending at Genesis, a crypto prime brokerage (9:51). We close with three "Ask Jason" questions (50:23).