Jason Brett on Coindesk: Former FDIC Regulator: Friendliness Toward Crypto 'Does Not Exist'

Efforts to keep crypto companies from the U.S. banking system may have been taking place even before the recent bank collapses, Jason Brett told CoinDesk TV's "First Mover."

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U.S. regulators may be using recent turmoil in the financial world as a way to kick crypto companies out of the banking system, said Jason Brett, a former regulator at the Federal Deposit Insurance Corporation (FDIC).

“It’s about the friendliness towards crypto, and it just does not exist,” Brett, managing director at consulting firm Key Bridge Advisors and a Forbes regulatory analyst for digital assets, told CoinDesk TV’s “First Mover” on Thursday.