đ„ Biden Admin Wanted To KILL CRYPTO
In a fiery accusation, Castle Island Ventures partner Nic Carter claims that Silvergate Bankâonce a crypto-friendly institutionâwas forced into liquidation by U.S. regulators to "decapitate" the cryptocurrency industry. In a Sept. 25 article, Carter asserted that Silvergate was on track to survive its challenges until the Biden administration imposed a 15% cap on crypto deposits, threatening the bank with shutdown if it didnât comply.
Carter believes this move is part of what he calls "Operation Choke Point 2.0," a covert government campaign aimed at crippling crypto-focused banks. He alleges that the U.S. government's pressure on Silvergate, Signature Bank, and Silicon Valley Bankâall prominent crypto banking partnersâworsened the 2023 banking crisis, contributing to the largest financial meltdown since 2008. According to Carterâs sources, Silvergateâs voluntary liquidation was âsuspicious,â with regulators unprepared for such a rare event. He also contends that Silvergate, had it been allowed to surpass the 15% crypto cap, would be thriving today, especially as crypto markets rebounded strongly in late 2023.
Silvergateâs fate wasnât sealed by market conditions alone, Carter argues. The bank faced inordinate pressure from agencies like the FDIC and political figures such as Senator Elizabeth Warren, especially due to its ties with the now-bankrupt FTX. An insider revealed that Silvergate had no choice but to comply: âWhen they say you gotta do something, you do it. Though Carter acknowledges Silvergateâs lapses in areas like anti-money laundering controls and FTX oversight, he asserts the bankâs liquidation wasnât a consequence of mismanagement but rather regulatory harassment. Carter paints a chilling picture of a coordinated campaign against crypto, raising concerns about the future of crypto in the U.S. .
With that being said, Kamala will play her cards the way she's gonna be told to I guess...
