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Yesterday I said here on the podcast that federal banking regulators have been trying to kill crypto companies by denying them access to banks. The FDIC shut down Silvergate and Signature Banks and Silicon Valley Bank, all of which did a lot of business with crypto companies. And the regulators are trying to tell other banks not to do business with crypto companies. Their efforts so far are failing because crypto is a legitimate industry that's operating - for the most part anyway, legally and profitably.
Why wouldn't a bank want to do business with an industry like this? Just because you don't like crypto, what does that have to do with it? That's like saying you won't let tobacco companies or casinos or gun manufacturers have bank accounts just because you don't like what they do either.
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Links from today's show:
Money Market, Fidelity
Money Market, Invesco
Money Market, Schwab
Certificate in Blockchain and Digital Assets
Brought to you by:
Global X ETFs
Invesco QQQ
Schwab
-----
Subscribe to podcast updates
The Truth About Your Future website
The Truth About Crypto
Have a question for Ric?
Follow Ric on social media:
YouTube
Disclosure page
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3.2
380380 ratings
Yesterday I said here on the podcast that federal banking regulators have been trying to kill crypto companies by denying them access to banks. The FDIC shut down Silvergate and Signature Banks and Silicon Valley Bank, all of which did a lot of business with crypto companies. And the regulators are trying to tell other banks not to do business with crypto companies. Their efforts so far are failing because crypto is a legitimate industry that's operating - for the most part anyway, legally and profitably.
Why wouldn't a bank want to do business with an industry like this? Just because you don't like crypto, what does that have to do with it? That's like saying you won't let tobacco companies or casinos or gun manufacturers have bank accounts just because you don't like what they do either.
-----
Links from today's show:
Money Market, Fidelity
Money Market, Invesco
Money Market, Schwab
Certificate in Blockchain and Digital Assets
Brought to you by:
Global X ETFs
Invesco QQQ
Schwab
-----
Subscribe to podcast updates
The Truth About Your Future website
The Truth About Crypto
Have a question for Ric?
Follow Ric on social media:
YouTube
Disclosure page
-----
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