ChainCatcher news, Cathie Wood, CEO of Ark Invest, posted on social platforms: "While the US banking system was paralyzed by bank runs threatening regional banks, Bitcoin, Ethereum and other encrypted networks continued to operate unaffected. Banks The instability of the system threatens Stablecoin, which are the entry point of DeFi, which is in stark contrast to the remarks of regulators.
Instead of blocking decentralized, transparent, auditable, well-functioning financial platforms with no central point of failure, regulators should focus on the centralized, opaque points of failure that are emerging in the traditional banking system.
They should have been fully aware of the obvious crisis: asset and liability maturity mismatches, short-term interest rates soaring 19-fold in less than a year, and deposits in the banking system falling year-on-year for the first time since the 1920s. "
