People blame #crypto for the #Silvergate Bank bank run but that only exposes the lack of confidence in the entire system
The fragile financial system is not a crypto issue, it is the problem that crypto aims to solve. #financialsystem
TLDR
SVB depositors will have access to all of their money Monday
Signature Bank closed, all depositors will be made whole
Fed will make available additional funding to eligible depository institutions
Fed prepared to use its full range of tools to support households and businesses
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