Summary of Why You Should (Still) Care About Silvergate
Summary of Why You Should (Still) Care About Silvergate
The source article:
The author argues that the conventional narrative about Silvergate's downfall is incorrect and that federal regulators within the Biden administration effectively killed off the bank. The author believes that hindsight has brought new information that sheds light on what really happened.
The source article:
quoting nevent1q…l2w7Why You Should (Still) Care About Silvergate
It’s become increasingly clear that crypto-focused banks such as Signature and Silvergate were closed by political mandate during the 2023 banking crisis, says Nic Carter. And the way it was done should bother anyone who cares about open access to financial services.
https://www.coindesk.com/opinion/2024/10/03/why-you-should-still-care-about-silvergate/?utm_medium=referral&utm_source=rss&utm_campaign=headlines
The author argues that the conventional narrative about Silvergate's downfall is incorrect and that federal regulators within the Biden administration effectively killed off the bank. The author believes that hindsight has brought new information that sheds light on what really happened.