Lee and Jimmie discuss the failure of Heartland Tri-State Bank because of a pig butchering scam, Circle’s decision to discontinue USDC on the Tron blockchain, and Acting Comptroller Mike Hsu’s warning about crypto supervision.

Lee’s Twitter: @leereiners

Jimmie’s Twitter: @jimmie_lenz

Related Links:

Material Loss Review of Heartland Tri-State Bank: https://oig.federalreserve.gov/reports/board-material-loss-review-heartland-tri-state-bank-feb2024.pdf

Circle is Discontinuing Support for USDC on the TRON Blockchain: https://www.circle.com/blog/circle-is-discontinuing-support-for-usdc-on-the-tron-blockchain

Acting Comptroller Michael J. Hsu: Remarks to the Financial Stability Board’s Crypto Working Group: https://www.occ.gov/news-issuances/news-releases/2024/pub-speech-2024-18.pdf