Re:Coinbase suspending USDC:USD conversions over the weekend
by Karunamon on Saturday March 11, 2023 @08:23AM
(#35108084)
That only matters if you think that capability to be "bailed out" is legitimate in the first place. There is a pretty good argument to be made that allowing institutions to be "too big to fail" is directly enabling a lot of bad behavior, behavior that wouldn't happen if there was an understanding your bank can fail and you will not be compensated as a shareholder, only as a depositor under FDIC
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