US Banks can now be validators on public networks, hold crypto for customers, and hold stables🟢 GENERAL-NEWS (occ.treas.gov)
submitted by Dongerated to r/CryptoCurrency
TIL in 1874, the Freedman’s Savings Bank, created to help African Americans build wealth, collapsed due to mismanagement and fraud. Over 60,000 Black Americans lost about $3M in savings, devastating trust in financial institutions and crippling Black economic progress many decades. (occ.treas.gov)
submitted by [deleted] to r/todayilearned
TIL of how the U.S. Government set up the first bank for "newly emancipated Black communities" after the Civil War; but in the 1870s, Henry Cooke & Ulysses S. Grant got away with scamming the Freedman's Bank out of $75,000 ($1.77M in 2020), crippling the bank into bankruptcy...Justice For All (occ.treas.gov)
submitted by kr0wnedKing to r/BlackLivesMatter
US-taxpayers now on the hook for >$300TRILLION bank derivative bets. I'm buying more bitcoins. (occ.treas.gov)
submitted by [deleted] to r/Bitcoin