> “We note that you own or have issued crypto assets and/or hold crypto assets on behalf of third parties,” one of the questions said. “Explain whether these crypto assets serve as collateral for any loan, margin, rehypothecation or other similar activities to which you or your affiliates are a party.”
I know lots of people in finance who are claiming the big banks used made up coins as collateral for stocks, and the house of cards just hasn't collapsed yet. And if you look through their 13F reports it kinda confirms it.
> “We note that you own or have issued crypto assets and/or hold crypto assets on behalf of third parties,” one of the questions said. “Explain whether these crypto assets serve as collateral for any loan, margin, rehypothecation or other similar activities to which you or your affiliates are a party.”
https://www.wsj.com/articles/sec-asks-public-companies-for-m...
I know lots of people in finance who are claiming the big banks used made up coins as collateral for stocks, and the house of cards just hasn't collapsed yet. And if you look through their 13F reports it kinda confirms it.