"In my opinion, we have evidence enough to suggest that the two most important pro-crypto banks, Silvergate and Signature, were opportunistically executed amid the fog of war during the 2023 banking crisis, as part of a broader coordinated attempt to de-bank the crypto industry."
"Barney Frank stated that the bank was shut down 'because of our prominent identification with crypto.' A banker familiar with the process noted, 'Signature wasn't even given a chance to raise capital and save themselves. It was definitely an execution.'"
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