An article I wrote on why Bitcoin rehypothecation should be illegal for TBTF banks now that SAB 121 was rescinded. And yes, I know, Bitcoin doesn't need laws. But I also know that all your grandmas will probably have exposure to Bitcoin through an ETF. So this is for all your grandmas.
https://egodeath.capital/blog/too-big-to-fail-banks-amp-bitcoin-custody
Full throttle or not at all: make the banking license contingent on never rehypothecating bitcoin .. if they do then close the doors
Reality is they will, irrespective of “rules” and “guidelines” and “law” .. they’ll need to have their BlockFi/Celsius/Genisis moment
What price an education 🤷♂️
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