That's what banks choose to do. People depositing their money with a bank don't have a responsibility to ensure it remains solvent though.
If you think there is a significant risk your bank is going to go under, you get your money out. If you think that risk is due to panic about a bank run kicked off by an unfounded rumor, you get your money out. You take care of your affairs, and the bank can take care of its operations and public relations.
News of which funds sent emails asking their portcos to withdraw funds from the bank that has supported this industry for 40 years is a reputation hit in my view. Although it may certainly not be a popular opinion.
Few phrases are as popular and as cringey as "democratizing X". Is it going to have voting? Political power? How did we get to the point that we use democratizing as a way to say popularizing.
And Robinhood still keeps saying this as a tagline!
If argentinian developers are reading this, you are probably better off making a bank account in the US than using crypto. Please refrain from transferring large amounts to local crypto companies, as those transfers are tracked and can be used against you in the future.
Your clairvoyance must have made you extremely rich as you assess these events with accuracy and perfect timing, and thus made the right open-market financial bets to profit from them.
Contrary to the popular myth, immigration hasn't led to salaries in the tech sector (which has the most immigrants) to go down. In fact, in the last decade they have increased due to an increased competition and high demand.
Immigrants also lead to increased demand and job growth:
"Contrary to popular belief, immigrants do not take away jobs from American workers. Instead, they create new jobs by forming new businesses, spending their incomes on American goods and services, paying taxes and raising the productivity of U.S. businesses. Immigrants are good for the economy, not the other way around." [1]
"However, although immigrants increase the supply of labor, they also spend their wages on homes, food, TVs and other goods and services and expand domestic economic demand. This increased demand, in turn, generates more jobs to build those homes, make and sell food, and transport TVs." [2]
"Most empirical studies indicate long-term benefits for natives’ employment and wages from immigration, although some studies suggest that these gains come at the cost of short-term losses from lower wages and higher unemployment. Standard economic theory implies that while higher labor supply from immigration may initially depress wages, over time firms increase investment to restore the amount of capital per worker, which then restores wages." [2]
That's what bitcoin was all about..