Here's your summary from Is Another BANKING CRISIS is Unfolding Right Now? - Jason Mikula TFTC EP. 522 (https://www.youtube.com/watch?v=ZgQPW9zMEGg) on the TFTC channel:

**TLDR:** Another banking crisis may be unfolding due to issues with banks servicing banking as a service startups, leading to regulatory scrutiny and potential impacts on smaller banks and fintech companies.

**Key Points:**

1. The situation involves multiple banks, including Evolve Bank and Trust, in a complex legal battle with Synapse, a middleware company providing connectivity to fintech programs.

2. Smaller banks have turned to fintech partnerships to compete with larger banks, but regulatory burdens and liquidity challenges may be forcing consolidation in the industry.

3. The US banking system's unique structure and regulatory priorities create challenges in balancing systemic risk, competition, financial crime prevention, and access to financial services.

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