Brilliantbreakdown of Section 404's actual impact here. The Kansas City Fed data showing 25.9% deposit flight really exposes what's at stake for traditional banks. What struck me most was Armstrong's 48-hour turnaround after reading the bill, reminds me of situations where the devil truly lives in regulatory details. The comparison to China paying yeild on e-CNY while the US bans it creates an intresting strategic divergence worth watching.
Brilliantbreakdown of Section 404's actual impact here. The Kansas City Fed data showing 25.9% deposit flight really exposes what's at stake for traditional banks. What struck me most was Armstrong's 48-hour turnaround after reading the bill, reminds me of situations where the devil truly lives in regulatory details. The comparison to China paying yeild on e-CNY while the US bans it creates an intresting strategic divergence worth watching.