> We enacted Glass–Steagal specifically for reasons like this correct? Not really. Glass-Steagall separated investment banks from commercial banks. There is ap

> We enacted Glass–Steagal specifically for reasons like this correct? Not really. Glass-Steagall separated investment banks from commercial banks. There is approximately no one fulfilling the role of commercial bank in bitcoin - no one taking bitcoin deposits and using them to underwrite bitcoin mortgages. Generally exchanges, trading firms and brokers do not have to be separate in the US financial system. For example CME, the largest futures exchange, owns a small trading firm called GFX. IEX operates as both an exchange and a broker.