Maybe don't conflate imaginary bullshit for actual government backed currency. The regulation isn't preventing you from being able to make those loans. Your mismanagement of your business is
this post was submitted on 28 Jun 2026
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The small banks are arguing that allowing Crypto Exchanges to act as banks who can give out digital currency as rewards that they'll be deprived of the deposits/customers they'll need to give out local loans, which the exchanges seem unlikely to continue, considering the international nature of online bussiness.
And without those local loans, small farmers and bussinesses will likely be deprived access to capital. Resulting in bad outcomes for everyone.
"ICBA president Rebeca Romero Rainey is quick to point out that community banks fund more than 60% of all small business loans, and 80% of agricultural loans, across the US."
Yeah, they're exactly correct. Crypto exchanges would equate to a company store/scrit situation
Richards, who is one of 68 staff at the nine-branch bank, says $40,000 has flowed out of customer accounts to crypto investments over the past 90 days alone. While that is relatively minor for a lender with $330m (£249m) in assets, Richards worries it is a sign of what is to come.
This is an interesting real world data point about the size of one path these depositors from this demographic are choosing to gamble with unsecured, unregulated, crypto to try to make money. I'd be interested to see the numbers for similar risky get-rich-quick withdraws like Polymarket/Kalshi or Fanduel/Draftkings/sports books gamling.