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FTX and the Real Keys to Crypto

Glen speaks with PSCU’s crypto strategist Lou Grilli about what the FTX debacle means for credit unions, and likely paths forward. Also- ChatGPT blows minds (and creates a Crypto poem!) and Washington weighs in on digital assets.
Links related to this episode:
A replay of our January 11 CU Town Hall on ChatGPT: https://www.cutownhall.com/
Lou Grilli’s CUInsight piece on the impact of FTX’s collapse on credit unions: https://www.cuinsight.com/thoughts-on-the-ftx-collapse/
Registration link for Lou’s January 25 CU Times webcast on CU crypto strategies: https://www.cutimes.com/2022/12/21/how-the-collapse-of-ftx-impacts-credit-union-crypto-strategies/ 
Lou also recommends this Finopotamus article: https://www.finopotamus.com/post/credit-union-experts-comment-on-ftx-collapse-the-future-of-crypto-and-how-cu-s-can-benefit
January’s joint statement on crypto by the FDIC, OCC and Federal Reserve: https://www.fdic.gov/news/press-releases/2023/pr23002a.pdf
Politico’s article on plans for a Congressional crypto panel: https://www.politico.com/news/2023/01/12/mchenry-reveals-house-crypto-panel-names-subcommittee-chairs-00077667 
Join our next CU Town Hall on Wednesday January 25- Our live and lively hour-long interactive discussion of the top issues facing credit unions is held alternate Wednesdays at 3pm ET/Noon PT. Request an invitation here: https://www.cutownhall.com/

Follow the Best Innovation Group on Twitter: @bigfintech
Follow Glen on Twitter @154Advisors
Follow John on Twitter @jbfintech
And finally…..
ChatGPT’s Ode of Crypto Winter- courtesy of a prompt from our friend Derek Howard of William Mills Associates.
Crypto winter, a season of cold
A time of loss, a time to behold
The market shivers, the price grows old
A chill in the air, a story yet untold
The investors huddle, their hopes grow thin
As the value of their coins begin to dim
But through the frost, a glimmer of hope
A belief that the spring will eventually come, and the market will cope
So hold on tight, dear crypto believers
For the winter may be long, but the spring will be sweeter
The future is bright, the market will rise
And our coins will thrive, and once again, surprise
So don't let the crypto winter get you down
Hold on to your coins, don't let them drown
For the spring will come, and the market will bloom
And our crypto journey will resume.

About the Author


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