White House press secretary Karine Jean-Pierre said the Biden administration is monitoring Silvergate Bank’s (SI) situation, comparing it with those at other crypto companies and saying President Joe Biden has called on Congress to take action in this area. 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.
- SEO Powered Content & PR Distribution. Get Amplified Today.
- Platoblockchain. Web3 Metaverse Intelligence. Knowledge Amplified. Access Here.
- Source: https://www.coindesk.com/markets/2023/03/07/first-mover-americas-grayscale-bitcoin-trust-at-issue-in-court/?utm_medium=referral&utm_source=rss&utm_campaign=headlines
