Silvergate to Liquidate: How the Crypto Industry Will Cope
Another one bites the dust. How serious of a problem is Silvergate's demise?
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Show Notes
The crypto-friendly U.S. bank Silvergate Capital has announced it will enter liquidation after suffering an exodus of clients following the FTX collapse. What does this mean for the crypto industry's access to banking? Ash Bennington is joined by Valkyrie Investments CEO Leah Wald and head of research Josh Olszewicz to discuss. Plus, did JPMorgan just drop Gemini as a client? And the NAV discount on Grayscale's GBTC has narrowed as judges question the SEC's opposition to a spot bitcoin ETF.
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