The White House is “aware” of the Silvergate situation, noting that President Biden will “continue” to call on Congress to protect investors, according to a spokesperson.
The Biden Administration is “aware of the situation” at Silvergate and will continue to monitor reports on the troubled bank as it unfolds, according to a White House spokesperson.noted
"In recent weeks banking regulators have released guidelines on how banks should protect themselves from risks associated with crypto," she said, adding that: Silvergate, known as a “crypto bank” was a key banking partner to a number of major crypto companies and projects.
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