Behold! Sofi, cast off stage not long hence, maketh its grand reentrance, determined to sprinkle every purse and pocket with the virtue (or vice?) of digital coinage. Gather ‘round for folly, fortune, and fiscal fandango! 🎭🪙
Lo, The Regulators Yawn—and Sofi Sneaks In
’Twas on a Monday—(for calamity loves calendars)—when Monsieur Anthony Noto, Chief Financier and occasional optimist of Sofi, trumpeted to the court of CNBC that crypto shall once more enter the fray of polite society. What changed, you inquire? Mesdames et messieurs, observe yonder edict from the Office of the Comptroller of the Currency (OCC): the shackles are off, the stage is set, the coins are trembling in their digital boots!
Alas, our dear Sofi was once banished from the land of cryptography, stripped of its twenty digital baubles, all in the name of becoming a Serious Bank™. But now, Anthony proclaims:
“We’re going to re-enter the crypto business, which we had to exit. We’ll re-enter the business of allowing our members to invest in cryptocurrency.”
Which, in translation, means: “We have grown weary of twiddling legal thumbs and now wish for our customers to toss coins into the great blockchain wishing well—preferably until kingdom come.” The wind has changed, the regulators are sleeping, and suddenly crypto is as fashionable as powdered wigs at Versailles.
This time, says Noto: “We want a push so grand and so cunning that not a loaf of bread nor a mortgage escapes the glitter of blockchain”—or something equally bombastic. Even the mighty institutions, those baroque towers of conservatism, now peek ‘round the curtain, ready to bow before the almighty Satoshi (or at least kiss the ring). Merci, Trump administration! Cue applause, cue the orchestra.
Looking to the horizon where revenue forecasts dwell, Noto dreams aloud:
“Our aspirations are as broad as our ambition—loans, savings, spending, investing, protecting! Crypto everywhere, like glitter after a farce.”
He nods sagely at the OCC’s new laissez-faire: “They said banks and crypto can now waltz together, and I, for one, shall claim that dance card with gusto!” Sofi, newly flush with coin and confidence, expects to open the crypto curtain before the clock strikes 2026, barring tragicomedy unforeseen. Rumor whispers of loans backed by crypto and payments whirling through the blockchain—because what could possibly go wrong? 🤑🤡
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2025-04-30 06:00