Brian Armstrong

The Bank of America warns that a major threat could push trillions out of American banks

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The Bank of America warns that a major threat could push trillions out of American banks

Brian Moynihan made a dire warning about stablecoins. During a January 15 earnings call, the CEO of Bank of America told analysts that as much as $6 trillion in deposits could migrate from the US banking system to stablecoins, roughly 30% to 35% of total US commercial bank deposits. Moynihan attributed the projection to US … Read more

Congress should ‘finish the job’ on crypto regulation

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Congress should ‘finish the job’ on crypto regulation

00:00 Speaker A Bitcoin climbs back above $93,000 hitting its highest level in two weeks. It’s been a rough run though since hitting that all-time high back in October and a key underlying factor heading into the new year, the regulatory backdrop. Joining me now is Paul Grewall, Coinbase’s chief legal officer. Paul, it’s great … Read more