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The Banking Crisis Is Not Crypto’s Fault

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by COINS NEWS 98 Views

https://www.coindesk.com/consensus-magazine/2023/03/13/the-banking-crisis-is-not-cryptos-fault/

I'm sure we all noticed those green charts mooning even after the banks (which are a big deal) that associated themselves with crypto has gone down. Some people are blaming crypto for what had happened. Taking the blow to where something can act as a scapegoat.

This is a very important message.

On the article, Barney Franks (for whom I'm not too familiar) quoted, "I think part of what happened was that regulators wanted to send a very strong anti-crypto message...We became the poster boy because there was no insolvency based on the fundamentals."

These banks taking themselves down on their own is a big outcry, and truly just like the article said, has something big of a message to say.

These big players are getting us, retail investors, to help them absorb the damage they managed to bring to their own.

submitted by /u/Apart_Maintenance611
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