There were stories of users who couldn't buy medicine for their kids, couldn't buy food,

you know, couldn't pay their mortgage, couldn't pay rent.

I can't understate how negatively this has impacted the people caught in the crossfire here.

A lot of these programs really heavily leaned on logos and language around FDIC,

knowing that people interpret that to mean this is safe and my money is safe.

The problem is, what does FDIC insurance do?

It protects you against the failure of an insured depository institution, the failure of a bank.

There is no rule for the FDIC to step in and, you know, make depositors, make end users whole because a bank hasn't failed.

This rip of TFTC was brought to you by River.

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Go to river.com slash TFTC and enjoy this episode.

You've had a dynamic where money has become freer than free. If you talk about a Fed just gone nuts, all the central banks going nuts.

So it's all acting like safe haven.

I believe that in a world where central bankers are tripping over themselves to devalue

their currency, Bitcoin wins. In the world of fiat currencies, Bitcoin is the victor. I mean,

that's part of the bold case for Bitcoin. If you're not paying attention, you probably should be.

Jason, welcome to the show. Thank you for joining us.

Yeah, absolutely.

Thank you for having me.

Well, like I was just telling you, brought you on because it's not really well known in mainstream media at least or not talked about much, but there seems to be something going on behind the scenes in the banking sector

as it pertains to banks that service, these banking as a service startups that have started

throughout the last decade, particularly Evolve Bank and the current lawsuit they're entangled

...