No Bullshit Bitcoin on Nostr: 🚨 Make the Rehypothecation of Bitcoin Custody Illegal – preston "American banks ...
🚨 Make the Rehypothecation of Bitcoin Custody Illegal – preston (nprofile…8lse)
"American banks now have the regulatory green light to enter Bitcoin custody in a big way. If we do not establish firm guidelines and prohibitions, the next wave of Bitcoin-lending catastrophes could dwarf the collapses of FTX, BlockFi, and Genesis, putting ordinary savers and the broader financial system through turbulent times. The time to act is now."
https://www.nobsbitcoin.com/make-the-rehypothecation-of-bitcoin-custody-illegal-preston-pysh-2/
"American banks now have the regulatory green light to enter Bitcoin custody in a big way. If we do not establish firm guidelines and prohibitions, the next wave of Bitcoin-lending catastrophes could dwarf the collapses of FTX, BlockFi, and Genesis, putting ordinary savers and the broader financial system through turbulent times. The time to act is now."
https://www.nobsbitcoin.com/make-the-rehypothecation-of-bitcoin-custody-illegal-preston-pysh-2/