- The White Home press secretary has confirmed that Silvergateâs decline is on their radar.
- The administration sees the problems at Silvergate as one other instance of a crypto-business experiencing âimportant points.â
- President Joe Biden has repeatedly referred to as for Congress to take motion in opposition to cryptocurrencies.
Crypto-friendly financial institution Silvergate was hit onerous by the collapse of FTX and now seems to be within the midst of a dying spiral. The financial institution has reduce workers, discontinued its crypto funds community, SEN, and is quickly shedding inventory worth.
The troubles of the once-popular financial institution have reportedly not gone unnoticed in the usâs highest workplace, as White Home press secretary Karine Jean-Pierre disclosed on Monday, March 6, that the administration is watching Silvergate intently.
When quizzed about Silvergate throughout her press briefing, Jean-Pierre…
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