CandleFocus Why You Should (Still) Care About Silvergate
2024-10-03
Author: Content Editor
The author of the article revisits the events surrounding the closure of Silvergate bank and alleges that it was part of a coordinated attempt by the Biden administration to de-bank the crypto industry. The author argues that the closure of Silvergate and other pro-crypto banks was not due to mismanagement, but rather a political decision. The article highlights irregularities in the process of selling Signature bank and claims that banks serving crypto are still facing harassment from regulators. The author argues that the government's use of banking infrastructure for political ends is a violation of due process and raises concerns about the neutrality of the banking industry.
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