👉🏻 https://x.com/CaitlinLong_/status/1796201938813633004
THE SUPREME COURT UNANIMOUSLY SUPPORTS the dual banking system in the US🔥. The Fed wants to kill it though -- the Fed doesn't respect state bank chartering authorities. Guess who's going to win.💪
Some banks are state-chartered, while others are federally-chartered.
In that sense, it is a "dual banking system."
States COULD pass legislation that applies to their banks and does not apply to the federal banks, though they probably don't now. But they could. This is why the ruling is important.
Except that the state-charted banks still have to follow the federal rules.