Crypto-Friendly Silvergate Bank’s Situation Being ‘Monitored’ by White House, Spokesperson Says

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Crypto-Friendly Silvergate Bank’s Situation Being ‘Monitored’ by White House, Spokesperson Says

During her White House press briefing Monday, Jean-Pierre said she couldn’t speak to Silvergate specifically, but noted that a number of crypto companies have “experience[d] significant issues” in recent weeks, and pointed to statements from federal bank regulators warning of the risk cryptocurrencies could pose to banks and other financial institutions. www.coindesk.com

During her White House press briefing Monday, Jean-Pierre said she couldn’t speak to Silvergate specifically, but noted that a number of crypto companies have “experience[d] significant issues” in recent weeks, and pointed to statements from federal bank regulators warning of the risk cryptocurrencies could pose to banks and other financial institutions.

www.coindesk.com