Why the First US Crypto Bank Is a Big Deal
Kraken became the first crypto exchange to win a U.S. banking license this week. Here’s why that matters.
On this edition of The Breakdown weekly recap, NLW looks at:
- DEXetition – Uniswap’s battle with SushiSwap heats up as the former dropped the UNI governance token in what some likened to a crypto stimulus check
- The Fed has no clothes – After another FOMC meeting of “nothing new,” the mirage of Federal Reserve omnipotence is fading
- TikTok and WeChat banned from U.S. app stores – Is it just a negotiating technique? Whatever the case, people are not happy
- Kraken becomes a bank – What it means now that Kraken has been approved for a Wyoming Special Purpose Depository Institution charter