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Proof of Reserves

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2026-06-08 02:03:13

Deep Tide TechFlow News, June 8th, Euro Pacific Chief Economist and Global Strategist Peter Schiff stated that Jamie Dimon's claim that "cryptocurrency companies offering interest-bearing products should be subject to the same capital and compliance requirements as banks" is unreasonable. He said that banks have FDIC deposit insurance and issue high-risk loans under partial reserve systems, whereas stablecoin issuers do not possess these characteristics.

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