Crypto becoming a top 2024 election issue as expected. On one hand you have Pocahontas and her "Anti-Crypto army", and now you have DeSantis going all-in crypto, anti-CBDC and anti-Warren. https://t.co/cmrGcPQIcY https://t.co/vK5MqiOhNj— zerohedge (@zerohedge) May 2, 2023
Monday saw the largest banking failure in the US since 2008 after First Republic went under, marking the third death of a US bank this year. Regulators took possession of the bank this Monday and JPMorgan Chase will acquire the majority of the bank's assets and remaining deposits worth around $92 billion. First Republic Bank's stock fell nearly 50% after reporting a significant drop in deposits in the first quarter of 2023.