**News Flash: Silvergate Bank's Crypto Collapse**

Silvergate Bank, once a crypto-friendly institution, might have survived if not for forced liquidation by U.S. regulators, claims Nic Carter of Castle Island Ventures. In a recent article, Carter argues that the Biden administration pressured Silvergate to cap crypto deposits at 15%, contributing to its downfall. He suggests this was part of "Operation Choke Point 2.0," a rumored effort to discourage banks from dealing with crypto firms. Despite Silvergate's issues, Carter believes it could have thrived without regulatory interference. This controversy raises questions about the future of crypto banking in the U.S.