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"People should be allowed to think of their bank deposits as theirs...when you make more than a $250k deposit to a bank you're making an unsecured loan to a leveraged counterparty that might fail." Custodia's Caitlin Long explains what's next for banking & digital assets https://twitter.com/CNBCTheE...

"People should be allowed to think of their bank deposits as theirs...when you make more than a $250k deposit to a bank you're making an unsecured loan to a leveraged counterparty that might fail."

Custodia's Caitlin Long explains what's next for banking & digital assets https://twitter.com/CNBCTheExchange/status/1637878234514595854/video/1

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Good interview with @CaitlinLong_ by @KellyCNBC. -Caitlin’s bank Custodia wanted to back all deposits with reserves but was denied by the Fed. -The reluctance to allow and formalize stablecoins domestically has increased market share for offshore stablecoins.