Silvergate Capital, one of few U.S. crypto-friendly banks, is buckling under pressure of dwindling capital, potential litigation and spooked clients. Is this an example of a coordinated effort by the Biden administration to cut crypto off from U.S. funds? Nic Carter, partner at Castle Island Ventures and the man who coined Operation Choke Point 2.0, joins Ash Bennington to discuss. On the news front, they’ll examine the new concerns swirling around Binance, mixed news for the Ethereum community when it comes to upgrades, and some important but unequivocally bad news for FTX users.
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