You know it's bad when @patio11 is siding with the crypto company.

Hoooooooooly cow what a document.

It's about tussling over whether the FDIC should release so-called pause letters regarding banks offering crypto-flavored services. I've written about that general issue before, including why regulators institutionally claim privilege maximally.

Patrick McKenzie

I work for the Internet. Mostly cryptoskeptic.

You know it's bad when @patio11 is siding with the crypto company.

https://x.com/patio11/status/1887567967392538641