silicon valley-bank

Binance (Nikhilesh De/CoinDesk)
That Binance Suit Sure Seems Bigger Than Just a CFTC Case
The implications of the CFTC’s lawsuit against Binance extend well beyond any civil action.
Binance (Nikhilesh De/CoinDesk)

Nellie Liang, the U.S. Treasury Department's undersecretary for domestic finance
Top U.S. Treasury Official Says Crypto Had No ‘Direct Role’ In Bank Failures
Treasury Under Secretary Nellie Liang told House lawmakers the crypto industry wasn’t a central factor in the wipeouts of Silicon Valley Bank and Signature Bank.
Nellie Liang, the U.S. Treasury Department's undersecretary for domestic finance

Morning commute at modern business district in Tokyo, Japan
The Short-Sightedness of Run-Amok Regulators
Ric Edelman, founder of the Digital Assets Council of Financial Professionals, talks about a key reason why crypto’s future looks bleaker: an apparent effort to cut it off from U.S. banks.
Morning commute at modern business district in Tokyo, Japan

Martin Gruenberg, chairman of the Federal Deposit Insurance Corp.
U.S. Bank Regulators Investigating Leaders of the Failed Tech Banks
FDIC chief Martin Gruenberg said a probe is underway as he and Fed Vice Chairman Michael Barr get set to tell U.S. senators what went on at Silicon Valley Bank, Signature Bank and Silvergate Bank.
Martin Gruenberg, chairman of the Federal Deposit Insurance Corp.

Silicon Valley Bank
First Mover Americas: First Citizens Scoops Up Big Chunks of Silicon Valley Bank
The latest price moves in crypto markets in context for March 27, 2023.
Silicon Valley Bank

Federal Deposit Insurance Corporation (FDIC) (George Rose/Getty Images)
First Citizens to Buy Much of Silicon Valley Bank, Assuming $72B in Loans, $56B in Deposits
The Federal Deposit Insurance Corp. also acquired equity appreciation rights in the parent of First Citizens Bank, which are potentially worth up to $500 million.
Federal Deposit Insurance Corporation (FDIC) (George Rose/Getty Images)

Silicon Valley Bank Sign (Provided)
First Citizens to Buy Silicon Valley Bank: Bloomberg
SVB, a bankrupt lender, was the bank for some big crypto firms, including Circle Internal Financial.
Silicon Valley Bank Sign (Provided)

Too Big to Fail
Bank Consolidation Threatens Freedom, Makes Case for Bitcoin
The biggest threat from the banking crisis triggered by this month’s collapse of Silicon Valley Bank might not lie in the potential for depositors to lose their savings but in the censorship power that massive banks are now accumulating as customers move their money.
Too Big to Fail

Rush Hour
Crypto Is the Solution to Bank Runs, Not the Cause
Self-custody, transparency and immediate settlement are just a few ways that crypto could prevent loss of funds.
Rush Hour

Dov Kleiner, partner at Kleinberg, Kaplan, Wolff & Cohen, P.C. (kkwc.com)
SVB Financial’s First Bankruptcy Hearing ‘Wasn’t Really So Routine,’ Says Legal Expert
The former Silicon Valley Bank holding company needs access to the bank's FDIC-controlled funds to pay creditors and support two other operations, says Kleinberg, Kaplan partner Dov Kleiner.
Dov Kleiner, partner at Kleinberg, Kaplan, Wolff & Cohen, P.C. (kkwc.com)