Discover and read the best of Twitter Threads about #fdic

Most recents (6)

🚨🚨🚨@investvoyager joins @Hoo_exchange, @Aexglobal, @CoinSwitchKuber, and others in #TheClosening,

there is officially no more money (or $BTC) left to give back to unsecured creditors (they call themselves "depositors")

1st major exchange in North American market to do so.
@investvoyager has fallen.
#TheClosening claims another victim.
Apparently the intervention of God Emperor #SBF was only able to keep @investvoyager out of the jaws of #TheClosening for 9 days. May the #Voyager monster at last find peace in the void, inshallah.

historical 🧵 from last week's events:
Read 12 tweets
@investvoyager looks like its headed for #deathspiral because of its exposure to #3AC.

tweets about locked funds coming fast and furious right now.

coindesk.com/business/2022/…
@investvoyager Looks like @investvoyager, another #DeFi (#CeFi?) "bank" like #BlockFi, has halted customer withdrawals and Twitter is freaking out. $VGX token has crashed.
more details w/r/t Voyager (@investvoyager) loan book, another crypto "bank" circling the drain because of the #3AC situation.
#VGX $VGTX
Read 18 tweets
‘Trump Appointee Resigns After Fight With Democratic Bank Regulators’

‘Jelena #McWilliams, the chairwoman of the #FDIC, said that she would step down effective Feb. 4. Democrats on the board contended she was stonewalling their attempts to review policy’

nytimes.com/2021/12/31/bus…
#FDIC’s GOP chair to resign after partisan brawl’

“Her departure, effective Feb. 4, means that FDIC board member Martin Gruenberg will become acting chair”

politico.com/news/2021/12/3…
#FDIC chair intends to resign in February, giving Biden more say over bank regulation’

#Gruenberg has spoken out against the deregulatory actions taken over the past several years at the Federal Reserve that also have drawn sharp criticism from …”

cnbc.com/2021/12/31/fdi…
Read 10 tweets
Aims of the #GreatReset #American #Bankers #Oligarchy ... "We will promote social justice policies to reduce inequalities including through support to tax redistributive & domestic resource optimization approaches social safety nets & or insurance schemes"
Newly Unsealed Docs in 2018 showed top #FDIC Officials Running Operation #ChokePoint* under 2013 #ObamaAdministration to form public/private oligarchy

* to freeze politically disfavored #businesses deemed not PC / high risk out of the financial system
forbes.com/sites/norbertm…
Read 39 tweets
1) BOOOOOOOOOOOOM! 3 more #blockchain bills cleared the #Wyoming legislature today & head to @GordonGovernor's desk for signature! The special-purpose depository institution, tokenized corporate stock certificates & Secretary of State blockchain integration bills all passed today
2) The special-purpose depository institution (SPDI) is esp impt. It helps solve the #blockchain sector's prob of difficulty accessing basic US$-only #bank accounts, which v few banks offer to start-ups. Many horror stories of start-ups shutting down bc banks closed their accts
3) US businesses that lose their bank accts go out of biz (for ex. IRS requires withholding taxes to be paid electronically via a bank acct). It’s critical to success of #blockchain sector that more than just a few banks serve industry (for basic checking/payroll/cash mgmt accts)
Read 12 tweets
1/ TWEETSTORM to answer ?s many asked abt #Wyoming's new #blockchain bills, including blockchain-friendly #bank bill. Bottom line: in addition to enacting 5 blockchain-friendly bills in 2018, 6 more bills have an elevated chance of becoming law bc they're now "committee bills"...
2/ ...& more bills are coming. Told ya' #Wyoming isn't done yet! Major opposition from the banking industry to the #bank bill & we weren't sure of outcome, but it v powerful committee endorsed it 13-1 & the only vote against it came from a banker. Next step=legislature in Jan...
3/ ...with momentum behind it (tho it's not law yet!). WY Banking Commissioner approached us after the 13-1 vote came in, to start rule-making work now. We're forming a group thru Digital Asset Trade Assoc (@asset_trade)--email info@digitalasset.org if you'd like to join that...
Read 15 tweets

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