Silvergate’s CEO says the crypto-focused bank closed voluntarily after surviving an intense bank run, rather than entering receivership. The bank had endured a record share of deposit withdrawals and cited heavy political pressure from the Biden administration.
published
Silvergate’s CEO says the crypto-focused bank closed voluntarily after surviving an intense bank run, rather than entering receivership. The bank had endured a record share of deposit withdrawals and cited heavy political pressure from the Biden administration
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