#spdi — Public Fediverse posts
Live and recent posts from across the Fediverse tagged #spdi, aggregated by home.social.
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deep dive on a newfound approach to getting a Fed master account known as "suing your regional federal reserve branch in an attempt to get #SCOTUS to force the #FederalReserve to give a Fed master account to every asshole who wants one." this strategy was pioneered by #Wyoming crypto #SPDI¹ #Custodia a few years ago.
there's a parallel lawsuit to undermine the enforcement of all #moneylaundering laws that's also given some examination.
https://bankregblog.substack.com/p/ninth-circuit-considers-master-account
¹ "special purpose depository institution", a piece of nonsense Wyoming came up with to get around regulations on things called "banks"
#CBW #CBWBank #FDIC #CustodiaBank #Banking #bank #cryptocurrency #crypto #bitcoin #Fed #JeromePowell