The Pomp Letter
The Pomp Letter
Silvergate Bank Liquidates, But Not For Reasons You Think
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Silvergate Bank Liquidates, But Not For Reasons You Think

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To investors,

Silvergate Bank announced plans to liquidate and shut down yesterday. This is the most crypto-friendly bank in the United States and a critical piece of infrastructure for the industry. The ramifications of Silvergate’s decision are unknown, but there is a narrative brewing that is worth calling attention to.

Regulators and politicians have …

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