TLDR Crypto · MISCELLANEOUS

INSIDE THE BIDEN ADMIN'S PLOT TO DESTROY SILVERGATE AND DEBANK CRYPTO FOR GOOD

piratewires.com35 min read

Summary from the TLDR Crypto newsletter

New evidence suggests the Biden administration pressured regulators to target crypto-friendly Silvergate Bank, contributing to its downfall as part of a broader effort to "debank" the crypto industry. Allegations include political interference, such as capping crypto deposits, which accelerated the bank's collapse and fueled the 2023 regional banking crisis.