Weekly Roundup 08/11/23 (PayPal's stablecoin, the Fed's oversight program, Ryan Salame emerges) (EP.443)
On The Brink with Castle Island
The Fed's New Program to Oversee Crypto Activity at Federal Banks
This is a microcosm of the kind of big debate that crypto is catalyzing. It's federal regulators asserting themselves over the states and saying, hey, you know, newer crypto focused banking institutions, they're not allowed to do business. If you talk to them, I think you'll see reactions there. You'll see more lawsuits like that of custodia. And so this is another front in that war.
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