CoinDesk Consensus 2023

Congressman Tom Emmer sent a letter to FDIC accusing the Biden administration of weaponizing bank regulators against crypto. On Friday night, after SVB had been put into receivership, people immediately started speculating about the impact for Circle's USDC. There was a long period of deafening silence from Circle as traders speculated on just how much money the firm had locked up in the SVB failure.