The SEC Probably Thinks This Is A Security
Bloomberg Crypto
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The blow up of crypto lenders is like when St. Bankman food says, you know, maybe a regulator should have asked if they if they had collateral,. That's that is an intuition around banking. One big symptom of the crypto winter is like there's been a blow up of a number of platforms that I would sort of loosely call crypto shadow banks where they're taking short term demand money from customers and lending it in weirdo pick ways.
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