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As US interest rates rose in 2022, the value of bank investments in long-dated and fixed-rate bonds declined. These declines were substantial enough to render many banks economically insolvent.
A critical threshold question is whether (and if so, specifically in what circumstances), in the event segregated customer funds become unavailable or worse unrecoverable e.g., due to a bank failure, an FCM would ever be charged with liability for such customer funds.
In recent years, cryptocurrencies have gained significant popularity for conducting financial transactions . However, with their rapid growth and gl