The Evidence for Operation Choke Point 2.0, With Nic Carter
The Breakdown
00:00
The Multiple Categories of Crypto Risks
I think FTX was an immediate catalyst. Certainly a lot of the aggression began right on the heels of FTX. The fact that some of these banks actually served FTX, FTX and Alameda were clients of certainly Silvergate possibly signature. That was the smoking gun, so to speak, that the regulator is needed. I would argue there was no inheritance of systemic risks from the crypto space to the bank sector. It's never going to cause a massive disruption unless stable coins get into the trillions and then somehow crypto vanishes out of existence.
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