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Silvergate Bank

Biden’s Regulatory Pressure Sparked Silvergateā€™s Collapse Amid Crypto Crisis

cryptosheadlines06 mins

September 27, 2024 at 06:28 PM GST updated: September 27, 2024 at 05:08 PM 2 mins read News Silvergate Bankā€™s collapse, framed as risky business, may stem from Bidenā€™s pressure to limit crypto deposits. Nic Carter suggests ā€œOperation Choke Point 2.0ā€ targeted crypto banks, leading to Silvergate and othersā€™ failures. Regulatory pressures, not just market…

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Silvergate Bankā€™s Demise: A Regulatory Move to “Decapitate” Crypto Industry, Claims Exec

cryptosheadlines04 mins

šŸš€ Stay Ahead with AltcoinDaily.co! šŸŒ 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 Silvergateā€™s forced liquidation was part of a broader governmental effort to undermine the cryptocurrency industry….

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