The Wolf Of All Streets The REAL Reason Bitcoin Hasn't COLLAPSED Yet... (Not What You Think)
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Mar 13, 2026 Discussion of major institutions quietly moving deeper into crypto, from Mastercard's partner program to Kraken gaining Fed payment access. Exploration of banks exploring stablecoins and regulators coordinating oversight through new agreements and legislation. Examination of market stress points like private credit strains, hedge fund shorting, and geopolitics affecting oil and investor fear.
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SEC And CFTC Are Coordinating Crypto Oversight
- Regulators are coordinating: the SEC and CFTC published an MOU to jointly regulate digital assets.
- Melker sees this as regulators setting precedent and rulemaking even if Congress doesn't pass ideal legislation.
Prove Value By Focusing On Durable Crypto Use Cases
- Prove the industry's value by focusing on durable use cases like Bitcoin and stablecoins.
- Melker warns NFT/DeFi hype didn't all work and now the industry must demonstrate real utility to regulators and markets.
Kraken Gains Limited Fed Payment Rail Access
- Kraken secured Fed payment access via a 'skinny' account, the first crypto firm to gain Fed rails access.
- Melker notes the skinny account allows payments but not fractional reserve banking privileges, limiting risk.