I think war on BaaS like war on crypto under this administration is just part of incumbency protection in the name of investor protection or systemic risk avoidance . BaaS and embedded finance ultimately enables non banks to build businesses that can take in bank fees and interest income eating into incumbent margins that is being protected What do you think about this take? @beyondthearc , @rshevlin, @charlesepotts @LexSokolin , @bgarlinghouse , @brian_armstrong substack.fintechtalk.ivalley…