The video discusses how the FDIC made efforts to slow down banks from providing basic banking services to the crypto industry. The FDIC supervisors and examiners were tasked by higher-ups in the administration to hinder the banks’ efforts in serving the crypto industry. This action raised concerns in the crypto industry and beyond, as it could set a precedent for other industries in the future. The video highlights the importance of not denying law-abiding businesses access to banking systems due to political reasons. The FDIC’s actions were seen as an overreach using risk management as an excuse to prevent banks from offering services to the crypto industry. The speaker emphasizes that all industries should be treated equally and not discriminated against based on political favoritism. The discussion also touches on the potential consequences of such actions on other industries and the importance of upholding American due process.
