Dana El-Kurd
speaker
4,891 appearances
2 recordings
1 series
first heard Mar 2026
last heard 30 May
Dana El-Kurd’s voice in public audio — every appearance, attributed to the second.
Trend
recordings per month · last 12 monthsRecordings per month over the last 12 months — 2 in all, peaking in May 2026 with 1.
Appearances
Where does a quadrillion fit in the number bigness scale?
That's a million million dollars.
That's a lot.
Per year, right?
Like the entire American financial system moves through this service.
And you can also like move money to the government through this.
So you can do exchanges with the Federal Reserve itself.
or the different Federal Reserve banks.
Now, in order to get access to Fedwire, you have to be an actual bank, right?
You have to be like an FDIC insured bank.
And crypto has not had access to this system.
Like crypto, I really don't want to call them crypto banks because they're not banks.
And that's why they haven't had access to the system because they're not banks.
Crypto is not money.
And it's not none of this stuff is subject.
I mean, it's subject, I guess, to a little bit of like securities regulation, but it's not subject to actual like FDIC regulation or importantly, deposit insurance, because, again, these are not banks.
Now, crypto has been trying to get access to the Fed wire system for years because in order for crypto companies to sort of interface with the rest of the banking system, they have to basically get a bank to act as a partner for them instead of being able to directly move the stuff around because they can't access the system.
And so Trump has at least given an executive order for the Fed to consider doing this.
Now,
Trump cannot actually force directly.
Showing 1941–1960 of 4,891 · page 98 of 245
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