Balaji on Twitter: What caught Bankman-Fried? Not SEC or CFTC. It was cryptography. Self-custody. People withdrawing cryptocurrency. Because he could capture regulations. Legally bribe politicians with donations. And fake app balances via centralization.

Dismal's Smacks

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Susanne Trimbath PhD on Twitter: Government takes ownership of failed bank then sells loan portfolio to the public. 🤔 Why does that sound so-o-o familiar?

source: https://twitter.com/SusanneTrimbath/status/1643106003062513669 Reddit Post

foobar on Twitter: people don't appreciate decentralized bearer assets enough. decentralized - nobody else can adhoc modify it. bearer - if you hold it, it's yours. no counterparties. asset - socially accepted to have value.

Contagion spreading? Circle on Twitter: Silicon Valley Bank is one of six banking partners Circle uses for managing the ~25% portion of USDC reserves held in cash.