When I was the CEO over @AleoHQ during the days of Operation Chokepoint 2.0, we had managed to get our money out of SVB after it collapsed and we're looking to diversify into other banks. We had an initial call with JPMC and they expressed interest. But when they realized we were a crypto startup on the first call, the MD proceeded to berate my CFO (who had just come from Citadel) and me (a former a16z investor and US Army Green Beret) about how we were enabling crime, trashing our personal reputations, and pursuing unpatriotic careers just to get rich (!) Needless to say they didn't open an account for us. But after that call I told them I wanted the reason in writing. The email they sent back was some soupy-oatmeal version of AML, reputation risk blah blah blah. We did ultimately find a bank that would bank us, and @AleoHQ successfully launched last year. But that experience opened my eyes to how arbitrary the banking/finance industry can be. So when I hear those losers cry about stablecoins threatening their deposits I'm like "let em cook".