Cryptocurrency

Biden

Challenge

Narrative

Reserve

<ul class="wp-block-list news-points">
 <li>Nic Carter accused the Federal Reserve of playing a role in Silvergate’s liquidation.</li>
 <li>Carter believes Silvergate was the first casualty in a crypto crackdown campaign.</li>
 <li>The government attempted to blackmail Silvergate because of its link with FTX.</li>
</ul>
Cryptocurrency expert Nic Carter has pointed the finger at the Federal Reserve, alleging they played a major role in the well-known Silvergate liquidation of early 2023. Carter contends that the Fed pressured the California-based bank to scale back its crypto business. To comply with such a recommendation, Silvergate would have been forced to restructure its business, ultimately leading to its liquidation.
In an X (formerly Twitter) post, Carter asserted that Silvergate was the first casualty in a crackdown campaign against banks involved in the crypto space by the Biden administration. Carter believes the Fed, FDIC, and OCC launched “operation choke point 2.0” to accomplish their goal.
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 This is the smoking gun: Silverage was solvent and able to operate, but the Fed had informed them they had to curtail their crypto business. Without a crypto business, they would have had to reshape the entire firm. It was _…
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The post <a href="https://coinedition.com/silvergate-collapse-new-claims-challenge-official-narrative/" rel="noopener noreferrer nofollow">Silvergate Collapse: New Claims Challenge Official Narrative</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.

Silvergate Collapse: New Claims Challenge Official Narrative

Coin Edition

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