Silvergate downfall sparks debate over whose fault it actually was
The demise of the crypto-friendly bank has prompted discussion about who tipped the first domino, and where crypto firms can turn for their banking needs.
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The demise of the crypto-friendly bank has prompted discussion about who tipped the first domino, and where crypto firms can turn for their banking needs.
Sherrod Brown, chairman of the U.S. Banking Committee, said a prohibition would be impossible because activity would migrate overseas. He requested a government-wide regulatory agency examination from the Treasury and Secretary. Patrick McHenry, the new chairman of the House Committee on Financial Services, supports crypto. (Read More)
In likely his last committee hearing before leaving office in January, the Ohio senator suggested a looser approach to digital assets could only benefit the corporate elite.
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