Circle and BlockFi questioned on banking with SVB by Warren and AOC

Executives on the stablecoin issuer Circle and the bankrupt cryptocurrency lender BlockFi have been questioned by two members of Congress investigating the so-called “mutual backscratching preparations” alleged to have taken place with the now-failed Silicon Valley Financial institution.

On April 9, letters from Senator Elizabeth Warren and Consultant Alexandria Ocasio-Cortez (AOC) have been despatched to Circle, BlockFi and 12 different non-crypto tech companies asking a sequence of questions on every agency’s relationship with SVB.

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