📣 La #FDIC regula las #stablecoins.
#FDIC
I have zero faith that the #FDIC will pay out any insurance to any of us
🇺🇸 El Senado de EE.UU. da luz verde a Mike Selig para presidir la #CFTC, confirmando su compromiso con las #criptomonedas. Travis Hill, por su parte, liderará la #FDIC. Un paso clave en la regulación financiera digital.
Banks are in the business of fraud. Their assets and liabilities are fundamentally mismatched in time horizon. You can't fund a 30 year loan with a deposit that can be withdrawn in 5 minutes.
We as a society have decided that banks are the only people in society that are allowed to engage in fraud like this, and we setup deposit insurance, federal oversight, etc. to make people believe it is "safe", and as long as the money keeps flowing and people don't get spooked, they can keep it up for a long time.
But at the end of the day, the books aren't balanced, no amount of political protection, bailouts, money printing, or halting withdrawals, etc. can protect you from the fact that your access to that value has been given to someone else for a very long time, and the moment you most need it is going to be the exact moment when they decide you can't access it anymore (1901, 1907, 1929, 1933, 1980s, 2008, 2023, etc.)
Don't be tempted by the (hopefully) shiny interest rates paid to you or the "security" of having someone else keep an eye on your money. Hold your value in real assets under your custody (real estate, shares outside brokerage accounts, precious metals, self-custodied crypto, cash).
Treat bank accounts as merely payment rails, a way to move money into/out of the credit/debit card, ACH, wire, etc. network(s), but not as a safe, secure or stable store of your life savings.
📣 La #FDIC regula las #stablecoins.
🏦 La #FDIC abre un período de comentarios para su propuesta de regulación sobre la emisión de #stablecoins de pago bajo la Ley #GENIUS. El sector bancario se prepara para un nuevo marco regulatorio.
PayPal стане банком у США: компанія подала заявку на банківський статус
# #FDIC #PayPal #Tech
https://gizchina.net/2025/12/17/paypal-stane-bankom-u-ssha/
PayPal стане банком у США: компанія подала заявку на банківський статус
# #FDIC #PayPal #Tech
https://gizchina.net/2025/12/17/paypal-stane-bankom-u-ssha/
📆 NEW: #FDIC acting chair Travis Hill said the agency expects to release its proposed framework for processing #stablecoin-issuer applications under the GENIUS Act later this month.
Everyone - let's jump into the deep end of the pool!
Like other exchanges, Crypto.com has filed a national trust bank charter application. A national trust bank is a limited-purpose national bank, and as such can provide custody, safekeeping and other fiduciary services nationwide.
Note: it is NOT a full-service commercial bank and does not take FDIC-insured deposits or make traditional loans. Accounts will likely be “skinny” master accounts that do not pay interest payments on account balances or provide overdraft protection.
The filing is not an approval, and Crypto.com’s proposal targets institutional custody rather than consumer deposit accounts. https://finance.yahoo.com/news/crypto-com-files-national-bank-155451459.html #Crypto #CryptoExchanges #CryptodotCcom #NationalTrustBank #Banking #FDIC
🇺🇸 Nombran al líder del #FDIC.
🇺🇸 Travis Hill, actual presidente interino de la #FDIC, nominado oficialmente para liderar la agencia. Su gestión ha incluido directrices clave sobre #criptomonedas y críticas al #debanking.
Travis Hill has been named Acting Chair of the FDIC, signaling a shift toward more relaxed U.S. bank regulations, including eased rules on M&A and leverage ratios for major banks.
#YonhapInfomax #FDIC #TravisHill #BankRegulation #SupplementaryLeverageRatio #GSIBs #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=84436
Reminder - #2025 Will End With 300,000 Fewer #Federal #Workers, #Trump Official Says. The reduction would be the largest single-year decline in #civilian federal #employment since #WorldWarII. #economy #economics #nationalsecurity #healthcare #flooding #fema #nasa #noaa #irs #fdic #cfpb #usaid #statedepartment #government #politics #maga #authoritarian #education #research #science #foreignaffairs #poverty #starvation #medicine #diplomacy #transportation #FAA #expertise #knowledge #skills
Really interesting news from #crypto space. I know I know, many of you think you can ignore or write it off. You can't, though I WOULD organize around that the #geniusact *could* mean your banking dollars denominated in a stable coin in your bank account instead of #FDIC protected dollars. #uspol
Got your attention? Anyway in other news:
The read between the lines here is that #monero #xmr is vulnerable. I'm NOT happy to see a privacy coin vunerable to a 51% attack.
https://cointelegraph.com/news/kraken-pause-monero-deposits-after-51-attack
There is a fog of #crypto, for sure. But good point here, #stablecoins may be the way to finally, at long last unburden our economy of that pesky #FDIC insurance on bank deposits. The good times of collapsing "stable" coins may be upon us!
Definancialize (pay of any debt) asap. Don't borrow. Land is an asset that if you pay property taxes remains a real asset because it is secured by county governments! Get out of cash. Maybe acquire a firearm.
Client Info
Server: https://mastodon.social
Version: 2025.07
Repository: https://github.com/cyevgeniy/lmst