Discover and read the best of Twitter Threads about #watchwhatidonotwhatisay
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1/ A 🧵ON THE @federalreserve's precedent-setting 86-page @custodiabank order, released on Friday. Custodia just published a blog post highlighting the newly-articulated Fed policies + the procedural abnormalities it reveals.
custodiabank.com/press/custodia…
custodiabank.com/press/custodia…
2/ First, the policy items. Here are the first two: 
3/ The third is new & raises lots of questions, esp since the Fed appears to have made a significant break from the President's Working Group's recommendation that #stablecoins only be issued by banks. There may be a new "catch 22" here:
