With recent banks like Silicon Valley Bank, also known as SBV bank collapsing just after Silvergate, many are panicking due to contagion. A few others had their stock halted on different exchanges. Does this legitimize crypto? How will the US government respond? All are posted on my site.
Control your banking to preserve your wealth
Larry Summers warns SVB collapse has ‘consequences’ | Fortune
Melissa Ciummei on Twitter: “SBV is the second largest bank failure in US history..following a bond market catastrophe and a bank run…on a Friday as predicted so you are stuck. Can’t withdraw funds, apparently insured up to an amount but the FDIC have already indicated bail ins this time.” / Twitter