Jason Mikula
@mikulaja
2-bit amateur wannabe reporter @ Fintech Biz Weekly | Fmr Goldman, Enova, Ret. Peace Corps Vol | Literally wrote the book on BaaS | Signal: mikulaja.01 | 🇳🇱
Circle, Ripple & Wise winning trust charters doesn’t mean a Fed master account is a done deal: only 1 of the 36 Tier 3 applications, Numisma, has been approved- and the company has ties to fmr Fed vice chair for supervision Randal Quarles, causing speculation of special treatment
"we're monitoring the situation" (while rubber stamping *deny* on FOIA request)
PSA: Read the underlying statutes and regulations, don't relay on AI, before writing your click-bait think pieces.
Whenever I really can’t sleep, I’m glad that Ezra Klein is there for me
Congrats @CaitlinLong_, Grok says you’re famous
Based on mutual connections and engagements, the most famous person to likely have visited your profile is Caitlin Long, the Bitcoin advocate and Custodia Bank CEO. (Yes, this works!)
Hey, @grok, who was the most famous person to visit my profile? It doesn't need to be a mutual, don't tag them, just say who it was (does this work?)
Cal DFPI is interviewing Synapse/Evolve victims, per user comments on Reddit. What’s Jerome Powell doing…?
Bubble, what bubble? Somehow this feels like Jerome Powell's fault too.
Jerome Powell being asked a question about where Synapse/Evolve's missing $95 million went....
I have not laughed this hard in literally decades
This could literally pass as a scene straight from The Office
The thought of the average property seller in Texas trying to do KYC is genuinely comical When did the GOP become all big government surveillance?
Texas just banned 1.5 billion people from buying property. Texas blocked ALL sales to citizens of China, Russia, Iran & North Korea. National security win? Not when it affects YOUR property. The fine print contains a trap for every property owner:
Getting old is crazy. You’re on holiday in Paris and your brain is like, “Hey, I should check what 1033 and Dodd-Frank say about the permissibility of charging fees to third party aggregators.”
I have been getting an ABSURD amount of phishing attempts for X via email. Surely X is prepared to mitigate account take over risks as it pushes further into financial services...
PNC: we need to protect users from the risks of open banking! Also PNC: hey, what if we let users trade fartcoin right in their banking app?
It's been a min since I've spotted a "Mikula rule" violation (combining equity + debt facility in press release). This one is particularly bad, as nowhere does it specify the portion of equity investment vs. debt.
Think of us like a bank or a brokerage, just please don't regulate us like one:
If you think of Coinbase like a bank, we now hold about $0.42T in assets for our customers, which would make us 21st largest bank in the US by total assets, and growing. If you think of us more like a brokerage, we'd be the 8th largest brokerage today by AUM. If you think of us…
THIS ISSUE👇 of whether trust charters can be used as de facto bank charters (including making loans + obtaining Fed master accounts) at only 10-15% of the capital requirement of a bank is very likely to be litigated. Interesting reaction by the bank trade associations to…
If you’re American and don’t have a backup passport/residency, you’re cooked