3min chapter

Coin Stories with Natalie Brunell cover image

Caitlin Long: The Battle with Washington D.C. Over Crypto & Bitcoin ("Then They Fight Us")

Coin Stories with Natalie Brunell

CHAPTER

The FDIC's Inspector General Report - 11 Banks Involved in Wire Fraud

The incumbents were favored by the regulators for sure. The irony is they got it exactly backwards. And unfortunately, of those 136 banks, I'll bet you most of them were small community banks who were just deposits starved and frankly turned out to be easy marks for the criminals in this industry. So what's interesting is that the incumbents get advantages that startups do not. As a result, the bar is higher for a startup.

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