Effective Tuesday, DTC to assign 100% haircut to all cryptocurrency investments

filing: https://www.dtcc.com/-/media/Files/pdf/2024/4/26/B20002-24.pdf

https://twitter.com/741trey/status/1783978665874719129

crypto won't be allowed to be used as collateral starting next week.

not sure how this affects mstr and their convertible debt loans. those should be unaffected but i am a moron. seems like this may hurt more of the hedge funds, market makers and clearing houses based on the online chatter i'm seeing reacting to this.

my conspiracy theory is the dollar is collapsing a lot faster than they expect. they are trying to lock down all defi wallets and track every transaction. they are going to try to print out of this problem and can't let us all get rich off of crypto. they need financial controls.