2023-03-13 22:00:25
According to Signature Bank board member and former congressman Barney Frank, their bank was targeted by the U.S. government solely because they were "the poster boy" of crypto banking, that there was "no real objective reason" to cease operations, and that "regulators wanted to send a very strong anti-crypto message."
Seemingly in response to the bank's forfeiture to the feds, the crypto markets had a green day, as investors continue to ditch their dirty fiat reserve notes for other speculative, volatile (yet arguably safer) assets.
Due to climbing interest rates – which make it increasingly difficult for the working class to pay off their debts – we just may see a shift from centralized, traditional finance investments into immutable crypto assets with minimal counterparty risk.
I'm optimistic that we will one day operate in a parallel society, where we never have to use government-mandated shitcoins printed out of thin air and backed by nothing but the threat of violence. With more people taking ownership of their own finances, assets, and wallets/keyrings... now
that's revolutionary.
https://archive.is/KonDw
@PrivSecGoy
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