Gene A. Grant II (@genegr2) 's Twitter Profile
Gene A. Grant II

@genegr2

Levelfield Financial CEO. Acquiring a full-service FDIC-insured bank. Opinions expressed are my own, and not necessarily those of my employer.

ID: 146694137

linkhttps://lp.levelfield.us calendar_today22-05-2010 03:12:28

293 Tweet

390 Followers

260 Following

Elon Musk (@elonmusk) 's Twitter Profile Photo

Because I am raising concerns about the flood of unvetted illegal immigrants overwhelming American cities, the press will often characterize me as “anti-immigrant”. As an immigrant myself, nothing could be further from the truth. I am very much in favor of increased and

Impact Partners (@impactpartnrs) 's Twitter Profile Photo

Proud that two of our clients made the print edition of today The Wall Street Journal written by Marc Vartabedian, #VC client Alex Marinier of New Form Capital and #financialservices client Gene A. Grant II of LevelField Financial, about how the surge in Bitcoin is driving the #venturecapital market.

Proud that two of our clients made the print edition of today <a href="/WSJ/">The Wall Street Journal</a> written by <a href="/marcvarta/">Marc Vartabedian</a>, #VC client Alex Marinier of <a href="/newformcapital/">New Form Capital</a> and #financialservices client <a href="/Genegr2/">Gene A. Grant II</a> of <a href="/LevelfieldEx/">LevelField Financial</a>, about how the surge in <a href="/Bitcoin/">Bitcoin</a> is driving the #venturecapital market.
Alex Johnson (@alexh_johnson) 's Twitter Profile Photo

What Happens When You Get Too Good at Hiding Complexity In fintech we've spent the last couple of decades abstracting as much of the complexity in financial services away from the end customer as we could. We succeeded in making financial services more accessible, but we didn't

Kyle Harrison (@kwharrison13) 's Twitter Profile Photo

.delian on capital intense businesses having more tangible moats compared to typical SaaS startups. "If you have zero marginal cost it also means you have zero moat."

.<a href="/zebulgar/">delian</a> on capital intense businesses having more tangible moats compared to typical SaaS startups. 

"If you have zero marginal cost it also means you have zero moat."
Gene A. Grant II (@genegr2) 's Twitter Profile Photo

Radical transformation is looming for customer-facing fintech firms as the economics, leadership, and control dynamics shift in favor of banks amidst regulatory changes and enforcement forbes.com/sites/digital-…

Gene A. Grant II (@genegr2) 's Twitter Profile Photo

forbes.com/sites/digital-… Fintech companies offering banking-like products pose a hidden risk to customers, with many customers seemingly unaware of the potential dangers. These risks extend across both crypto and traditional sectors.

Gene A. Grant II (@genegr2) 's Twitter Profile Photo

whitehouse.gov/presidential-a… I wonder if the bank regulators will now remove the prohibition on banks owning cryptocurrency. Seems such a restriction may not match the spirit of the Executive Order

Gene A. Grant II (@genegr2) 's Twitter Profile Photo

Permuto Capital products intrigue me. Splitting dividends away from a common share is interesting financial innovation. Watching to see it explode in volume once they launch forbes.com/sites/digital-…

Gene A. Grant II (@genegr2) 's Twitter Profile Photo

occ.treas.gov/news-issuances… The OCC has withdrawn 1179 (pre-permission). More importantly, the OCC has reaffirmed letter 1170 -- stating it is permissible for banks to engage in custody and custody related services.

Gene A. Grant II (@genegr2) 's Twitter Profile Photo

Banks still cannot hold cryptocurrency for their own accounts. The OCC Interpretive Letter 1183 on Friday was a great start, but no celebration until the Jan. 3, 2023 prohibition is removed. federalreserve.gov/newsevents/pre…

Gene A. Grant II (@genegr2) 's Twitter Profile Photo

I revised my article about the OCC authorizing national banks to offer cryptocurrency services. I wanted to highlight that the OCC has also rescinded the directive barring banks from holding cryptocurrencies directly. forbes.com/sites/digital-…

Gene A. Grant II (@genegr2) 's Twitter Profile Photo

The restriction on banks directly holding cryptocurrency makes little sense, considering their expertise in handling volatile assets. forbes.com/sites/digital-…

Gene A. Grant II (@genegr2) 's Twitter Profile Photo

Banks may soon own cryptocurrency. The idea of traditional banks holding digital assets was inconceivable a few months ago, but times are changing. forbes.com/sites/digital-…