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The U.S. Banking System, Federal Reserve, & USDC Post-SVB Collapse with Ram Ahluwalia
Bankless
The Crypto Market Could Be a Bad Sign
I think we're getting mixed signals on both sides. My presumption is that it was bank run driven, but I don't know. If the regulators really wanted to kill crypto, is there any better moment than post FTX? Right. The Gensler could declare ETH, a security, which would be horrible. Coinbase would be forced to delist it. And they haven't. So, and this is why we need clarity, interpretive guidance that we need Congress. We don't know what happened. Let's learn more in the coming weeks and months.
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