Well, it's half true and half false. There are a lot of "new" fintech-ish banks competing on fees, transaction speed, overdrafts, etc. - bank-type things that matter to consumers. But it's true, there are no fintech banks competing to be "too big to fail" and getting that government bailout money. You have to look at crypto for equivalents of the Federal reserve, and people don't recognize those as banks. Although I would say, Coinbase is getting pretty close to a consumer-level "crypto bank".