The Plot to Destroy Silvergate and Debank Crypto
The Breakdown
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The Regulatory Collapse of Silvergate Bank: A Case Study in Financial Disruption
This chapter examines the rare case of voluntary bank liquidation through the lens of Silvergate Bank's 2023 failure, highlighting the impact of regulatory measures like a 15% crypto deposit cap. It discusses the interplay of regulatory pressure and key players in the bank's downfall, suggesting that collusion significantly influenced the outcome.
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Transcript
