In the statement from the White House, it was stated that they are aware of the situation of the crypto money bank Silvergate and that the process will be followed closely.
White House Press Secretary Karine Jean-Pierre made statements that the Biden administration is aware of the situation of the cryptocurrency company Silvergate. Pierre is with Silvergate for the time being. there will be no private meeting while the President Joe BidenHe added that the ‘s urged Congress to take action in this area.
in the last weeks a number of crypto companies Stating that it has come to the fore with financial problems, Pierre reminded the statements made by regulatory institutions about the “risks that cryptocurrencies may pose for banks”:
In the past weeks, regulators have released guidelines on how banks should protect themselves from crypto-related risks. As you know, Biden is a president who has repeatedly called on Congress to take action to protect ordinary Americans from the risks posed by digital assets, and will continue to do so. We will not talk to this company, as we have not spoken to other cryptocurrency companies, but we will continue to monitor the reports.
Silvergate, finally to the US Securities and Exchange Commission (SEC) The report containing the annual data of the company to be submitted announced it was delayed.
These statements of the company led to the big players of the industry to take a step back and the suspicion of a possible bankruptcy to be spoken loudly. Cryptocurrency exchanges Bitstamp, Coinbase And Gemini its partnerships with Silvergate. will limit expressed.