hgf
@txi
Chris Lane, former Chief Technology Officer of Silvergate Bank in the United States, recently stated on social platform X that regulatory measures to restrict cryptocurrency customers' US dollar deposits in the spring of 2023 resulted in Silvergate losing its core business model and ultimately closing down. He criticized this as a "sudden regulatory crackdown" and believed that banks had solvency and liquidity before voluntary liquidation. Silvergate Bank was once an important supporter of the cryptocurrency industry, and its closure is seen as part of the "ChokePoint 2.0" initiative, which restricts the entry of the digital asset industry into the banking system. @drinkbeerkillwar.eth
0 reply
0 recast
0 reaction