Avanti Bank and Trust CEO Caitlin Long has posted a rebuttal to a recent New York Times article claiming that crypto and decentralized finance (D is “disrupting the banking industry” so fast regulators can’t keep up.
Disrupting traditional finance is exactly what crypto and DeFi aspire to do, but the piece titled “Crypto’s Rapid Move Into Banking Elicits Alarm (NASDAQ:ALRM) in Washington” published on Sunday had a number of inaccuracies and omissions according to Long.