News with the tag "Silvergate"

Operation Choke Point 2.0, a campaign of regulatory pressure against cryptocurrency firms, has sparked a fresh wave of criticism from notable industry figures, including former Silvergate Bank Chief Technology Officer Chris Lane and entrepreneur David Sacks, recently appointed “Crypto Czar” by Presi...

David Sacks, the White House’s Crypto and AI Czar, is stepping into the storm surrounding Operation Choke Point 2.0, a program that crypto insiders say has sabotaged businesses, wiped out innovation, and gutted the industry’s financial lifelines. In a public statement, David hinted at immediate scru...

BitGo has appointed Ben Reynolds, former president of Silvergate Bank, as managing director to lead the development and global expansion of its USD Standard stablecoin, aiming to enhance its presence in the digital asset market. The post BitGo Hires Former Silvergate President to Head Stablecoin Bus...

BitGo has appointed Ben Reynolds, former president of Silvergate Bank, as managing director to lead its stablecoin USD Standard. Global crypto custodian firm BitGo announced Reynolds’ appointment to oversee the growth and global adoption of its recently launched USD Standard…

Silvergate Bank may have survived if not for pressure from U.S. regulators, according to Nic Carter, a partner at Castle Island Ventures. The post Silvergate Bank’s Demise: A Regulatory Move to “Decapitate” Crypto Industry, Claims Exec appeared first on TheCoinrise.com .

Silvergate Bank could have survived but US regulators stepped in to “decapitate” the crypto industry, suggests Nic Carter in his latest report. He claims that Biden’s administration reportedly told the defunct bank to cap crypto deposits at 15% or face severe consequences. Fresh revelations have add...

Venture Capitalist Nic Carter returns with a new article that explores at-length how the Biden administration allegedly imposed an informal mandate for banks to cap their crypto deposits at 15%, leading to the downfall of Silvergate, Signature and Silicon Valley…

The now-bankrupt Silvergate Bank was forced to cap its crypto deposits at 15% under threat of being shut down by US regulators, claims to Castle Island Ventures partner Nic Carter.

Silvergate Bank’s Failure Linked to U.S. Regulatory Shift, Says Bankruptcy Filing A recent bankruptcy filing has claimed that the collapse of Silvergate Bank was largely the result of an abrupt shift in U.S. regulatory policy in 2023, according to a report from The Block. The filing, which comes fro...

Venture Capitalist Nic Carter updates his findings on Operation Choke Point 2.0 after Silvergate executive’s testimony that sheds light on how US financial regulators tried to crackdown on banks involved in the crypto industry, known as Operation Choke Point 2.0.…