.RegulatoryJason, a former FDICgov regulator, says efforts to keep crypto companies from the U.S. banking system may have been taking place even before the recent bank collapses. _franvela reports
She “was basically ousted in what was almost a coup d’etat,” Brett claimed, adding the Consumer Financial Protection Bureau swooped in and took over the FDIC’s agenda.
“Now, you see Chairman [Martin J.] Gruenberg there at the top of the FDIC, and he has not been a fan of fintech, much less crypto,” Brett said. Gruenberg wasYet, Brett said he “wouldn’t go so far as to say all of the banks have been shut down because of crypto.” The latest failures in the banking industry raise some questions for regulators “about how much attention they paid,” Brett said.
“We're not in a crypto crisis. This isn't a financial crisis, yet, but this is a banking crisis,” he said. “This is a crisis of how the banks are managing their books.”
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