Believe it or not, Barney Frank brought this up when it happened.  I think he was on the Silvergate Board Of Directors. 

siggy47

This sounds like the piece Catlin Long refered to on TFTC. I think that was the show she was recently on discussing this. 

kepford

Politics_And_Law

Inside The Biden Admin's Plot To Destroy Silvergate And Debank Crypto For Good

> In short: the government’s desire to decapitate the domestic crypto industry through covert rulemaking aimed at crypto-focused banks both initiated and worsened the banking crisis of 2023, the largest since the great financial crisis in 2008.

Set aside a good chunk of time to read this. It is loooong.