US gov’t wants to shut down crypto banks because they are about to launch FedNow.

China gov’t has the same playbook. They banned all bitcoin and crypto activities so they can launch CBDC.

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They will consolidate all regional banks first. Like Ellison said a long time ago about software. Everything is moving to the car model; 5 or 6 players at most who grow via gobbling up the small guys; which are really just R&D for them anyway. Paraphrased.

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