JPMorgan explores lending against clients' crypto holdings

Lovely.

In 2008, we found out that financial assets like houses could go down, not just up, and that if they went down when financial institutions held too many loans on them, it could threated the whole financial system.

We already know crypto can go down - we've seen it over and over. We've even seen stablecoins have issues.

So I fear for the financial system's stability if this becomes widespread.

Congress and the GOP have legislated away the protections put in place after the housing bubble crisis in 2008. So now their friends can speculate in crypto, take profits, and when they're too big to fail the taxpayers pickup the losses?