⚯ Michel de Cryptadamus ⚯<p>more great reporting from Jason Mikula on the <a href="https://universeodon.com/tags/a16z" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>a16z</span></a> / <a href="https://universeodon.com/tags/MarcAndreessen" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>MarcAndreessen</span></a> backed financial disaster known as Synapse, the middleman behind Yotta and others that lost track of (and maybe lost) most of their customers’ money.</p><p>Andreessen’s desire to eliminate the <a href="https://universeodon.com/tags/CFPB" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>CFPB</span></a> for “terrorizing” <a href="https://universeodon.com/tags/fintech" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>fintech</span></a> companies like Synapse suggests a desire to keep backing companies that will strip mine the wallets of uneducated consumers.</p><p>Seen also: Evolve Bank &amp; Trust (a bank popular with players like <a href="https://universeodon.com/tags/FTX" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>FTX</span></a> and <a href="https://universeodon.com/tags/GeorgeSantos" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>GeorgeSantos</span></a>), <a href="https://universeodon.com/tags/VoyagerDigital" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>VoyagerDigital</span></a> (a crypto company backed by <a href="https://universeodon.com/tags/MarcCuban" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>MarcCuban</span></a> that incinerated user deposits in 2022), and <a href="https://universeodon.com/tags/MetropolitanCommercialBank" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>MetropolitanCommercialBank</span></a> (<a href="https://universeodon.com/tags/MCB" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>MCB</span></a>), a NY institution beloved by the far right in Israel.</p><p><a href="https://fintechbusinessweekly.substack.com/p/regulators-should-conduct-material" rel="nofollow noopener noreferrer" translate="no" target="_blank"><span class="invisible">https://</span><span class="ellipsis">fintechbusinessweekly.substack</span><span class="invisible">.com/p/regulators-should-conduct-material</span></a></p><p><a href="https://universeodon.com/tags/EvolveBank" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>EvolveBank</span></a> <a href="https://universeodon.com/tags/EvolvebankAndTrust" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>EvolvebankAndTrust</span></a> <a href="https://universeodon.com/tags/Yotta" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Yotta</span></a> <a href="https://universeodon.com/tags/Synapse" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Synapse</span></a> <a href="https://universeodon.com/tags/JasonMikula" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>JasonMikula</span></a> <a href="https://universeodon.com/tags/FintechBusinessWeekly" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>FintechBusinessWeekly</span></a></p>