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"Unfortunately," it adds "the SEC’s refusal to productively engage with us is just another example of the Commission’s misguided and conscious refusal to provide much-needed clarity and guidance to the digital asset industry".

This is a bullshi* statement. All of the players in the Bitcoin industry had many opportuntities to put the same controls inplace as banks have to to be compliant. Now they are crying because their Ponzi scheme is comming unraveled. 

I am always suspicious of spin offs done in the name of Shareholder Value. It tells me that there are other chickens coming home to roost.

I agree! Excellant news article that speaks the truth. Changes in the banking world are usualy baby steps and five years behind when needed. That businnes noms has to change in banking.

Temenos is experiencing what FiServ has been experiencing and that is, their traditional clients are leaving for smaller FinTech startups for banking tools. They are like IBM’s debacle.

In my option all of these fintech stocks were way of valued. I guess the new math has extrem flaws in it. The bankers and analysist make big bucks by providing the over vaulation and the stock holder take it in the shorts.

To little to late, but to early. Bitcoin fad is over, CBDC is in early stage development that requires new ISO standards for cross border transactions.

It would intresting to learn how the fraudesters are taking advantage of vulernabilites in contactless machines.