INSANE BANKS IN BIG TROUBLE AND CAUGHT LYING AGAIN ABOUT CRYPTO
Two interesting stories broke about the banking industry early last week. The first story is that US Bank faces the worst sell-off since April 2025, and that big banks, including Morgan Stanley, are down between 3 to 7.5%. At the same time, the banks are actively working against retail and refusing to give yield on stablecoins.
The interesting irony here is that American household debt is at the highest overall delinquency rate at 4.8% in the last decade, which indicates Americans are having trouble paying their bills and affording basic necessities but what really cut my eye about the banks is that Morgan Stanley filed for a De Novo national trust bank charter with the OCC to offer Crypto custody, trading and staking. But not to retail …
Comment your thoughts below.
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