ChainReg11: The Instant Payments Wars Intensify
Fed & SEC still at war with Crypto. Congressional Hearings start March 29
Welcome to ChainReg Episode 11. The Fractional Reserve Banking Wars. How can you tell that a crisis is on? Because a week can feel like an eternity. We won’t re-hash the dramatic events of the week here today, in large part because every move from Circle’s de-pegging (and re-pegging) to Republic Bank to the inevitable blame game have been reaching saturation coverage in the media cycle. Congressional hearings commence on March 29 according to a bipartisan announcement by House Financial services Committee Chairman McHenry and Ranking Member Waters.
We add value by leveraging our patented process to spot quickly the components that may have missed major media attention, using data as our guide. And then we identify what these data points tell us about potential future policy trajectories.
Amid the fear, the volatility, the dramatic rescues, and the heated rhetoric, one clear theme emerged this week. The war between the Fed and the crypto business is far from over.
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