2 ms·

FDIC's Redacted Pause Letters

• lelandfe 2y ago
  Context?
  • delichon 2y ago
    https://x.com/iampaulgrewal/status/1865036008989106594 https://x.com/iampaulgrewal/status/1865036008989106594
  • greyface- 2y ago
    https://www.courtlistener.com/docket/68890868/history-associates-incorporated-v-federal-deposit-insurance-corporation/ https://www.courtlistener.com/docket/68890868/history-associ...
• shadowgovt 2y ago
  I don't think I see the issue here. Regulation of currency is a fundamental government responsibility. Integration (or not) with crypto seems right in the middle of that wheelhouse. And if the FDIC's position is "we're not getting guidance on what the regulations are on crypto, so we recommend pausing activity," that's... Their job to say that? I mean... If the banks are asking "hey, will FDIC insurance be honored if we get crypto scammed" and the answer is "we don't know," the answer is we don't know.