US government shut down a solvent crypto bank

The thread by Nic Carter discusses the collapse of Silvergate Bank and Signature Bank in 2023, which were both heavily involved in the cryptocurrency industry.

The sources focus on a regulatory "choke point" that targeted banks with significant exposure to crypto assets, highlighting the Federal Reserve and other financial institutions' shift toward stricter oversight of crypto-related activities.

Nic argues that the regulatory actions targeted crypto-focused banks, effectively hindering their business operations and ultimately leading to their demise.

The thread explores the aftermath of the bank failures, including legal proceedings and public statements made by various stakeholders, as well as the broader implications for the cryptocurrency market.

The thread can be found here: https://bit.ly/4e9hO5L