More from Fed's Schmid: Would be a mistake to consider cryptocurrency as a currency

Earlier from Kansas City Federal Reserve Bank President Jeffrey Schmid:

• Not out of high inflation yet, Fed should be patient on cuts

More now:

• Silicon Valley Bank was a bit of a canary in a coal mine
• Fed's Discount Window should be part of a bank's 'strategic stack' funding
• it would be a mistake to consider cryptocurrency as a currency

If Crypto was a currency it might put the US dollar to shame with an upswing such as this (this is Bitcoin):