The Next Shoe To Drop, Crypto Restrictions and Watching Lasers

<p>So it's finally happened. The Federal Reserve Board warned member banks that it intends to presumptively prohibit a large portion of cryptocurrency banking activity, as the demand for more guidance over digital assets has grown following rampant instances of fraud. The regulator issued a new policy largely prohibiting digital assets from the regulated banking environment, primarily due to security concerns.</p><p>In this episode of The Higher Standard, Chris and Saied examine this news and try to determine what effect it will have on the crypto space.</p><p><br></p><p>They discuss a recent Gallup poll indicating that half of Americans say they are financially worse off now than they were a year ago, the highest share since 2009. About 61% of those with a household income of less than $40,000 reported they were worse off, compared to 49% and 43% for middle- and high-income households respectively.</p><p><br></p><p>Chris and Saied look at a report from Zillow stating that the amount of time it would take to save enough to put 10% down on a typical home in Austin rose from eight years in 2019 to 13 years in 2022.</p><p><br></p><p>They also offer some thoughts on Affirm Holdings Inc. seeking new sponsor banks to diversify the sources of loan originations, as the buy-now, pay-later platform comes under pressure to improve earnings after a slowdown in growth.</p><p><br></p><p>Join Chris and Saied for this fascinating and informative conversation.</p><p><br></p><p>Enjoy!</p><p><br></p><p><strong>What You’ll Learn in this Show:</strong></p><ul><li>The concept of centralized cryptocurrency exchanges and how they work.</li><li>What’s happening in the commercial real estate market in terms of lagging responses.</li><li>Why banks have an ongoing due diligence requirement for commercial loans.</li><li>The reasons why more San Francisco homes are selling below the asking price in LA.</li><li>And so much more...</li></ul><br/><p><br></p><p><strong>Resources:</strong></p><p><a href="https://www.forbes.com/sites/joshuapollard/