Jan 18, 2023
Glen speaks with PSCU’s crypto
strategist Lou Grilli about what the FTX debacle means for credit
unions, and likely paths forward. Also- ChatGPT blows minds (and
creates a Crypto poem!) and Washington weighs in on digital
assets.
Links related to this
episode:
A replay of our January 11 CU Town
Hall on ChatGPT: https://www.cutownhall.com/
Lou Grilli’s CUInsight piece on the
impact of FTX’s collapse on credit unions: https://www.cuinsight.com/thoughts-on-the-ftx-collapse/
Registration link for Lou’s January
25 CU Times webcast on CU crypto strategies: https://www.cutimes.com/2022/12/21/how-the-collapse-of-ftx-impacts-credit-union-crypto-strategies/
Lou also recommends this Finopotamus
article: https://www.finopotamus.com/post/credit-union-experts-comment-on-ftx-collapse-the-future-of-crypto-and-how-cu-s-can-benefit
January’s joint statement on crypto
by the FDIC, OCC and Federal Reserve: https://www.fdic.gov/news/press-releases/2023/pr23002a.pdf
Politico’s article on plans for a
Congressional crypto panel: https://www.politico.com/news/2023/01/12/mchenry-reveals-house-crypto-panel-names-subcommittee-chairs-00077667
Join our next CU Town Hall on
Wednesday January 25- Our live and lively hour-long interactive
discussion of the top issues facing credit unions is held alternate
Wednesdays at 3pm ET/Noon PT. Request an invitation here: https://www.cutownhall.com/
Follow the Best Innovation Group
on Twitter: @bigfintech
Follow Glen on Twitter
@154Advisors
Follow John on Twitter
@jbfintech
And finally…..
ChatGPT’s Ode of Crypto Winter-
courtesy of a prompt from our friend Derek Howard of William Mills
Associates.
Crypto winter, a season of
cold
A time of loss, a time to
behold
The market shivers, the price
grows old
A chill in the air, a story yet
untold
The investors huddle, their
hopes grow thin
As the value of their coins
begin to dim
But through the frost, a glimmer
of hope
A belief that the spring will
eventually come, and the market will cope
So hold on tight, dear crypto
believers
For the winter may be long, but
the spring will be sweeter
The future is bright, the market
will rise
And our coins will thrive, and
once again, surprise
So don't let the crypto winter
get you down
Hold on to your coins, don't let
them drown
For the spring will come, and
the market will bloom
And our crypto journey will
resume.