Crypto vs. Banks: The Wilde Satire of Modern Finance 🎭
These capital requirements, dear reader, are not merely rules; they are the very chains that bind banks to mediocrity. By forcing higher reserve requirements for holding crypto, these regulations lower a bank’s return on equity (ROE), rendering crypto-related activities as appealing as a soggy cucumber sandwich at a garden party. “It’s a different type of chokepoint,” Perkins quipped to CryptoMoon, “in that it’s not direct. It’s a very nuanced way of suppressing activity by making it so expensive for the bank to do anything that they’re just like, ‘I can’t.’” 😩





