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X (formerly Twitter)

Elon Musk (@elonmusk) on X

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#[0]​ bringing the 🔥

Federal Reserve Board publishes its order denying the application by Custodia Bank: "In general, the Board has heightened concerns about banks with business plans focused on a narrow sector of the economy. Those concerns are further elevated with respect to Custodia because it is an uninsured depository institution seeking to focus almost exclusively on offering products and services related to the crypto-asset sector, which presents heightened illicit finance and safety and soundness risks." But being rug pulled by the FED on Treasuries is cool. Just sayin'

Board of Governors of the Federal Reserve System

Federal Reserve Board publishes its order denying the application by Custodia Bank, Inc., to be supervised by the Federal Reserve

The Federal Reserve Board on Friday published its order denying the application by Custodia Bank, Inc., of Cheyenne, Wyoming to be supervised by th...

For my 💵⛏️out there

#[0]​ noice

Well which is it Janet?

Fortune

Yellen changes tune on support for banking system a day after rattling markets with deposit insurance waffle | Fortune

On Wednesday, she said Treasury hadn't considered expanding federal insurance to all U.S. bank deposits. She went an extra step on Thursday.

First gold nugget out of https://Nostr.Report 🤡🌎News section, interesting that Fortune is promoting Treasury Bills as that is one of the things that’s causing people to pull money out of the bank contributing to the Bank Runs. TRUE 🤡🌎.

Fortune

FORTUNE | Fortune

Unrivaled access, premier storytelling, and the best of business since 1930.

#shatcoined