Regulators rush to catch up with DeFi startups and crypto-backed lenders like BlockFi, which now touts $10B+ in assets, 450K+ clients, and licenses in 28 states (New York Times)
New York Times:Regulators rush to catch up with DeFi startups and crypto-backed lenders like BlockFi, which now touts $10B+ in assets, 450K+ clients, and licenses in 28 states — The boom in companies offering cryptocurrency loans and high-yield deposit accounts is disrupting the banking industry and leaving regulators scrambling to catch up.
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New York Times:
Regulators rush to catch up with DeFi startups and crypto-backed lenders like BlockFi, which now touts $10B+ in assets, 450K+ clients, and licenses in 28 states — The boom in companies offering cryptocurrency loans and high-yield deposit accounts is disrupting the banking industry and leaving regulators scrambling to catch up.
