WSJ Report on Rampant Sexism at FDIC Draws Ire from Crypto Leaders Prior to Congressional Testimony
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A Wall Street Journal report exposed rampant sexual harassment and misogyny at the FDIC, prompting criticism from some crypto leaders about sexism in banking.
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The report resonated with crypto executives who said they've seen similar behavior in finance. Caitlin Long said "Banking is still a boys club."
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Some crypto leaders questioned if the banking system is more legitimate than crypto, given the misconduct at the FDIC.
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The report implied FDIC issues contributed to regional bank failures, leading some to question if it was meant to distract from Fed policy.
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The timing raises suspicion since FDIC leaders will testify to Congress on crypto and de-banking soon after the report.