Former FDIC CIO on Crypto Liquidity Risks for US Banks

Feb 23, 2023

The Federal Reserve and other U.S. banking agencies are warning banks that crypto poses significant liquidity dangers, further reinforcing their campaign to generally steer lenders away from digital assets. Former FDIC Chief Innovation Officer Sultan Meghji explains why this warning is a "nothing burger" and whether US regulators' approach to crypto regulation will have a chilling effect on financial innovation. Plus, why FDIC could never insure bitcoin the way US dollars are insured.

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