🚨 Make the Rehypothecation of Bitcoin Custody Illegal – @preston
"American banks now have the regulatory green light to enter Bitcoin custody in a big way. If we do not establish firm guidelines and prohibitions, the next wave of Bitcoin-lending catastrophes could dwarf the collapses of FTX, BlockFi, and Genesis, putting ordinary savers and the broader financial system through turbulent times. The time to act is now."


No Bullshit Bitcoin
Make the Rehypothecation of Bitcoin Custody Illegal – Preston Pysh
Preston Pysh, macro analyst and partner at Ego Death Capital, shared a blog post advocating for a ban on bitcoin rehypothecation for all institutio...