Silvergate Bank Bankruptcy: How Fed’s Operation Choke Point 2.0 Collapsed Crypto Banking

Quick Summary:

He added that as part of Operation Choke Point 2.0, Biden’s regulators – the Fed, FDIC, and OCC – systematically cracked down on banks serving the crypto space.

Crypto evangelist Nic Carter has recently exposed how the Federal Reserve has played a crucial role in pushing the crypto-friendly Silvergate Bank to the path of bankruptcy.

Back in July, an ex-FTX official blamed Silvergate Bank for the exchange’s questionable transactions.

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Article Details

Author / Journalist: Bhushan Akolkar

Category: Crypto

Markets: India

Topics: Silvergate Bank Silvergate Capital Operation Choke Point 2.0 FDIC 24/7 Cryptocurrency News Federal Reserve Signature Bank

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-20 @ 06:20:26 (1 weeks ago)

News Timezone: GMT +8:00

News Source URL: coingape.com

Language: English

Article Length: 466 words

Reading Time: 3 minutes read

Sentences: 35 lines

Sentence Length: 14 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CoinGape

News ID: 22617247

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Main Topics: Crypto

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