And more concrete example for the banking system is a recent bank failures. The Fed and FDIC have effectively given notice to the banking system that crypto is

And more concrete example for the banking system is a recent bank failures. The Fed and FDIC have effectively given notice to the banking system that crypto is disfavored. See: https://finance.yahoo.com/news/signatures-seized-assets-sold-without-105833351.html https://finance.yahoo.com/news/signatures-seized-assets-sold... > FDIC had told potential bidders that "any buyer of Signature must agree to give up all the crypto business at the bank." And one of the members of Signature Banks board also claimed the FDIC shut them down without the bank being insolvent. See: https://www.wsj.com/articles/signature-bank-new-york-community-bancorp-flagstar-bank-crypto-barney-frank-fdic-9b825e2e https://www.wsj.com/articles/signature-bank-new-york-communi... You can bet banks will be avoiding crypto.