Credit/Adobe Stock.
The last time I talked about crypto was March of last year, following the SVB bank run. I complimented the NCUA because its go-slow approach to approving cryptocurrency-related activities for credit unions had largely been vindicated after all. When the fraud of Sam Bankman-Fried was exposed, the credit union industry was unscathed, even as three large banks needed to be conserved. At the time I would have gladly bet you that cryptocurrency was about to go the way of the tulip market in 1637, another example of a financial frenzy replacing common sense with greed.
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