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Monday, March 27, 2023
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Wall Street Banks Seen as Unlikely Saviors as Crypto Firms Struggle

In a press statement following the collapse of crypto exchange FTX, the Bank Policy Institute, which represents big banks, said in a statement that “as FTX files for bankruptcy after failing to secure a bailout, policymakers should ensure they do not embed crypto firms in the heart of the financial system by giving them Fed accounts.”



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