$1 Trillion Daily Repos, Coinbase Exec To Oversee Banks, Bill In Senate Aims To Torpedo Encryption EP029

SHOW RESOURCES:

Former Coinbase executive will oversee the banking system

https://dailyhodl.com/2020/03/16/us-treasury-secretary-steven-mnuchin-appoints-coinbase-chief-legal-officer-to-oversee-banking-system/amp/?__twitter_impression=true

Fed Announces another $500B repo injection

https://www.cnbc.com/2020/03/17/fed-announces-another-500-billion-operation-for-overnight-repo-funding-markets.html

THEN they decide on injecting $1 Trillion EVERY DAY this week

https://www.investing.com/news/economy/new-york-fed-pledges-to-offer-1-trillion-a-day-in-overnight-repo-loans-2113378

Treasury secretary announces plans for helicopter money – checks to Americans in the next couple weeks

https://www.politico.com/news/2020/03/17/coronavirus-government-payments-checks-133994

“EARN IT” bill aims to dismantle encryption

https://www.washingtonpost.com/news/powerpost/paloma/the-cybersecurity-202/2020/03/06/the-cybersecurity-202-senate-bill-sparks-open-war-over-encryption/5e616cad88e0fa101a741cee/

Sign the petition

https://actionnetwork.org/petitions/dont-let-congress-kill-encryption/

Full bill here:

https://www.eff.org/document/earn-it-act

Could bank runs be on the horizon? Cash withdrawal limits already in place at Bank of America, likely to be reduced in coming days

https://bitcoinist.com/ultimate-test-for-fiat-as-us-bank-runs-loom/

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