According to @nic__carter, while various members of Congress and the current administration have acknowledged the occurrence of politically-motivated debanking, no official has directly stated that Silvergate Bank (SI) and Signature Bank (SBNY) were deliberately targeted and shut down by the government. Carter explicitly agrees with this interpretation. For traders, this underscores the ongoing regulatory and political risks facing crypto-friendly banks, which can impact the liquidity and accessibility of crypto markets (source: @nic__carter).

According to @nic__carter, Senator Cynthia Lummis has called for increased investigatory powers into the Federal Reserve, citing the recent failures of Signature and Silvergate banks as a result of regulatory actions termed 'Chokepoint 2.0.' These government-driven closures have raised concerns about banking access for crypto firms and could impact liquidity and institutional participation in the cryptocurrency market. Traders should monitor regulatory developments closely, as changes in bank supervision could directly affect crypto exchange operations and stablecoin on-ramps. Source: @nic__carter

According to nic__carter on Twitter, Silvergate Bank, a crypto-focused bank, primarily operates on a B2B model and does not serve retail depositors, thus minimizing 'chargeback' risk from consumer fraud. This insight is crucial for traders considering the stability and risk profile of financial institutions involved in cryptocurrency transactions.

According to @EleanorTerrett, the demise of Silvergate Bank, as discussed by @nic__carter and former chairman @MikeLempres, resulted in the debanking of 1700 customers and affected 500 employees, highlighting significant disruptions in financial services for cryptocurrency market participants.

According to @nic__carter, Mike Lempres, former chairman of Silvergate Bank, provided insights into Silvergate's relationship with FTX, the subsequent bank run, and its liquidation. This discussion is crucial for traders analyzing the impact of these events on banking relationships within the cryptocurrency sector.