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BACKPACK CEO SLAMS “NEO FINANCE” AS STRIPPED-DOWN TRADFI
Armani Ferrante says many so-called next-gen finance products gut core TradFi services, pile on fees, and offer zero investor protection—tokens act like stocks without dividends or voting, and “banks” without deposits, payroll, or transfers, lacking SIPC safeguards.
#CoinRank #FinTech #CryptoRegulation