Rohan GreyDec 21, 2022

RT @[email protected]

1/ I often get asked: “What does regulatory clarity actually look like for crypto?” So I outlined a realistic blueprint for this that regulates centralized actors, while preserving decentralized innovation. https://www.coinbase.com/blog/regulating-crypto-how-we-move-forward-as-an-industry-from-here

🐦🔗: https://twitter.com/brian_armstrong/status/1605008167812730880

Show threadRohan GreyDec 21, 2022

I'm begging crypto CEOs to stop trying to dictate financial regulatory policy debates until they learn how modern banking works.

Calling it "fractional reserve banking" is a flashing sign asking not to be taken seriously.

But hey, given his views on Howey it's unsurprising.

Show threadOrangeCat 5000
@rohan wait is fractional reserve banking not a thing?
Dec 21, 2022 at 12:00pmWeb
Show threadRohan GreyDec 21, 2022

@zorangecats no it isn't.

https://www.hks.harvard.edu/sites/default/files/centers/mrcbg/programs/senior.fellows/2019-20%2520fellows/BanksCannotLendOutReservesAug2013_%2520(002).pdf