people can now move Millions tens hundreds of millions of dollars around in two seconds
on their phone I wonder if we will see changes of banking regulation because it's just too darn easy
to withdraw money now this is concerning for all crypto holders in America why did Signature Bank
get shut down by the government citing systemic risk Regulators shut down Signature Bank Sunday
the new york-based full-service Commercial Bank has 40 Private Client offices The Wall Street
Journal reported that signature was reeling from a bet on crypto banking we know why Silicon Valley
Bank and silvergate Bank failed and why the FDIC had to step in but why Signature Bank there was a
bank run but signature really didn't collapse the same way that Silicon Valley Bank collapsed I know
why dear God Insider politician Barney Frank openly admits that signature was arbitrarily
shuttered despite no in solvency because Regulators wanted to kill off the last major
pro-crypto Bank colossal Scandal Frank who helped draft The Landmark Dodd-Frank Act after the 2008
financial crisis just said in an interview just admitted there was no real objective reason that
Signature Bank had to be seized quote I think part of what happened was that Regulators wanted to
send a very strong anti-crypto message heard this independently from other sources as well confirms
Nick Carter who's the chairman of the board for coinmetrics also General partner for Castle Island
Ventures he says signature was executed last night not due to any Bank runs but as a political
scalp intended to be veiled by the fog of War I suspected as much last night this was confirmed
today apparently even the FDIC was surprised when Signature Bank was dropped into their hands my
conclusion Nick Carter rights is that politicians like Elizabeth Warren together with regulatory
bodies fragilized crypto Banks and encouraged runs against them then used withdrawals as the pretext
to close them down this was meant to be a surgical operation and it became a massive banking crisis
because many are saying that Barney Frank might not be impartial but here's some more evidence
signature's asset portfolio was nowhere near as troubled as Silicon Valley Bank see attached the
closure of Silicon Valley Bank seems unwarranted as their assets unrealized losses aren't that
big compared to its overall asset base over the past few days many experts have been confirming
this for instance meta Lawman a Vanderbilt law we just got confirmation from an Insider that
Regulators are executing a plan to kill crypto Barney Frank told Bloomberg Radio today that one
signature bank was shuttered because Regulators wanted us send a message to get people away from
crypto and two we Signature Bank were singled out to be the poster child for that message whatever
you think of Barney's politics Barney's always been candid and he just said the quiet part out
loud I am very disappointed video does anybody want to debate me on this does anybody challenge
this that the only reason that they shut down Signature Bank was to screw over crypto it's
no coincidence that silvergate and Silicon Valley Bank also got wrecked because they were also very
crypto friendly if you appreciate us breaking down this message like the video comment your thoughts
below engage with this video more people need to understand this Bitcoin worked this weekend when
Banks didn't Natalie Brunell on Fox Business I think it's notable to see that Bitcoin worked
this weekend when Banks didn't new people joined the network blocks were created and new Bitcoins
were minted on a predictable schedule and it just worked and this is what Bitcoin was designed for
because the current system the problem with it is not just all the leverage and debt but the trust
Satoshi warned us that banks are trusted to hold our money but instead they lend it out in waves of
credit bubbles with just a fraction in reserve and and so people just need to remember that when they
give their money to the bank the bank is making Bets with your savings it's not sitting there
it's not backed one to one you're essentially trusting the bank to manage counterparty risk
and what you have in return is an IOU on the screen and the difference with Bitcoin is you
have a bare instrument with no issuer that you can self-custody with no counterparty risk and you
don't have to trust anybody but yourself lawmakers are saying this the industry is hoping dust will
settle things will quiet down maybe it'll even blow over guess again our federal Regulators are
coming to life and they're bringing down the hammer on crypto lawmakers should be thinking
like this I just hope that lawmakers soon realize that Bitcoin is accretive it's not destructive it
will make the world more stable not less it adds to The Human Experience and it's a store
of value competing with all the other assets for stores of value and it does not destroy the dollar
frankly the dollar is dying by a Thousand Cuts at the hands of bureaucrats who are taking us
further and further into debt and Bitcoin is a way to strengthen the whole system by presenting
an alternative a form of hard money tied to energy decoupled from politics do not forget
governments politicians lawmakers they're going to do everything they can to try to control you but
the people are the ones with the power yeah but how are lawmakers print money for the next welfare
program that the Curry's favor or the next special interest that courage favor if they lose control
of fiat currency if there's not a Fiat Central Bank digital currency if currencies not in the
driver's seat don't they lose all of their power aren't that isn't that what they're really afraid
of I don't think they care about the economic message you just talked about I think that people
sometimes forget that we hold the power we're the ones electing them and we get the government that
we demand and so they might be proposing ideas like a different kind of blockchain a cbdc a
programmable political form of money controlled by the state but that's not the answer the answer is
a decentralized alternative with a capped finite Supply that no one can manipulate and that no one
can control and Bitcoin offers that alternative well certainly Bitcoin has shined In a Moment of
Truth for sure there's light at the end of this tunnel my friends the future is bright for crypto
holders yes certain politicians like the head of the SEC Gary Gensler seem to be anti-crypto but
there are heads of other regulating Departments of government like the head of the cftc that are on
the right side of history ethereum is a commodity not a security and the head it has serious legal
defenses to support his arguments in light of chairman gensler's recent suggestion that all
digital assets is set for Bitcoin or securities what does that mean for a number of designated
contract markets currently offering futures or swaps on ether I've made the argument that ether
is a commodity it's been listed on cfdc exchanges for quite some time we would not have allowed the
product in this case The Ether Futures product to be listed on a cfdc exchange if we did not feel
strongly that it was a commodity asset because we have a litigation risk we have agency credibility
risk if we do something like that without serious legal defense or defenses to to sort of support
our argument that that asset is a commodity we're in tumultuous times ladies and gentlemen
cryptocurrency is the future cryptocurrency will have another run now is the time to get
involved follow altcoin daily for daily updates on bitcoin crypto nfts and more if you're a fan
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