🚨FDIC just shocked cryptocurrencies in ways we've never seen them before. Acting Chairman Hill said banks no longer need prior approval to sneak into digital assets. FDIC is rewriting scripts on the blockchain. He asked if Bank of America should be allowed to run on public chains - like they are already on 🇬🇧🇸🇬🇨🇭 stablecoins? The FDIC wants to ensure that they are as clearly regulated as traditional deposits. Smart contract? Now, they are worried that they might mess with how the bank closes. It's the real conversation - the U.S. is likely to be catching up with the rest of the world. @fdicgov obviously won't mess around. Do we want to see Bank of America go all out the way in the right way?