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Silvergate Bank

Biden’s Regulatory Pressure Sparked Silvergate’s Collapse Amid Crypto Crisis

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September 27, 2024 at 06:28 PM GST updated: September 27, 2024 at 05:08 PM 2 mins read News Silvergate Bank’s collapse, framed as risky business, may stem from Biden’s pressure to limit crypto deposits. Nic Carter suggests “Operation Choke Point 2.0” targeted crypto banks, leading to Silvergate and others’ failures. Regulatory pressures, not just market…

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Silvergate Bank’s Demise: A Regulatory Move to “Decapitate” Crypto Industry, Claims Exec

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🚀 Stay Ahead with AltcoinDaily.co! 🌐 Silvergate Bank, once a prominent player in the crypto-friendly banking sector, may have survived if not for pressure from U.S. regulators, according to Nic Carter, a partner at Castle Island Ventures. Carter suggested that Silvergate’s forced liquidation was part of a broader governmental effort to undermine the cryptocurrency industry….

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