‘Politics Surrounding Banking is Toxic,’ Says BitMEX Co-Founder

Arthur Hayes, the American entrepreneur, and co-founder of the crypto exchange BitMEX invited the Twitter community’s attention to his perspectives on the US government’s recent seizure of California’s First Republic Bank. He commented that the Federal Deposit Insurance Corporation’s (FDIC) move has been a “political paralysis” to capitalize the “non-TBTF” bank.