Prediction evidence

Caitlin Long on the outcry Kraken faced over a master account it still hasn't been allowed to use "Look at the outcry when the Fed gave Kraken its master account. It got announced in March. If you look at the database though, they signed the documents in January." "Look at what the banks did. The screaming that took place from Elizabeth Warren and that crew was insane." "And if you go look at how that bank is regulated, they have the same charter we do. They're going through a full-scope bank exam with CAMELS scores, bankers know what that means, every year. That is a far higher bar than what a trust company or a money transmitter has to satisfy." "But the wild thing is that the CEO of Kraken Bank testified publicly about a month ago that even though they got the account in January, the Fed had not let them operationalize it yet." "And if you put the puzzle pieces together, they had a 12-month trial. It's 8 months into the 12-month trial and they hadn't let them turn it on yet." "So it was never real, is what I concluded. I'm not shocked, because the Fed just plays games."