{"id":565300,"date":"2023-03-17T15:15:00","date_gmt":"2023-03-17T12:15:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/us-bank-collapse-is-crypto-being-targeted\/"},"modified":"2023-03-17T15:15:00","modified_gmt":"2023-03-17T12:15:00","slug":"us-bank-collapse-is-crypto-being-targeted","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/us-bank-collapse-is-crypto-being-targeted\/","title":{"rendered":"# US Bank collapse \u2014 Is crypto being targeted?"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_84 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a2e13c224324\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a2e13c224324\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/us-bank-collapse-is-crypto-being-targeted\/#%E2%80%9D_US_Bank_collapse_%E2%80%94_Is_crypto_being_targeted_%E2%80%9C\" >&#8221; US Bank collapse \u2014 Is crypto being targeted?  &#8220;<\/a><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9D_US_Bank_collapse_%E2%80%94_Is_crypto_being_targeted_%E2%80%9C\"><\/span>&#8221; US Bank collapse \u2014 Is crypto being targeted?  &#8220;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<p><img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjMtMDMvYjQzNzJhY2ItNTBlOS00OWYzLThmZDItN2I5OTFiYmM0ZWU4LmpwZw==.jpg\" \/><\/p>\n<div class=\"post-content\" data-v-48054ca8>Crypto-friendly banks in the United States, such as Signature Bank,\u00a0served the likes of Paxos Trust, Celsius Network and other major crypto firms now suffering due to the recent decisions taken by the Federal Deposit Insurance Corporation (FDIC) and New York State Department of Financial Services.<\/p>\n<p>Silicon Valley Bank (SVB) reportedly handled over $5 billion of funds for a handful of cryptocurrency venture capital funds, including Andreessen Horowitz, Paradigm and Pantera Capital, in recent years. <\/p>\n<p><template data-ct-widget=\"buzzsprout\" data-buzzsprout-podcast-id=\"2040516\"><\/template>USD Coin (USDC) issuer Circle was directly affected by the closure of SVB, with $3.3 billion tied up in the bank after its closure. Cryptocurrency markets were directly affected, with USDC temporarily losing its peg to the U.S. dollar for several days. <\/p>\n<p>Several high-profile commentators in the U.S. have suggested that there is mounting pressure on banks to stop serving cryptocurrency-related businesses. Meanwhile, a spokesperson from the FDIC has refuted claims that the future sale of Signature Bank would not require divestment of crypto activities.<\/p>\n<p><strong><em>Related:\u00a0TradFi and DeFi come together \u2014 Davos 2023<\/em><\/strong><\/p>\n<p>Cointelegraph business editor Sam Bourgi and journalist Gareth Jenkinson break down the major talking points from the U.S. banking collapse fiasco and discuss whether regulators are targeting the cryptocurrency industry nationwide.<\/p>\n<p>The closure of major U.S. banks by regulatory institutions has been a significant talking point this week, with several high-profile cryptocurrency firms hamstrung by decisions taken in America.<\/p>\n<p>Check out <em>Decentralize with Cointelegraph <\/em>and other podcasts from Cointelegraph \u2014 including <em>Crypto Trading Secrets<\/em>, <em>Hashing It Out<\/em>, <em>The Agenda<\/em> and <em>NFT Steez<\/em> \u2014 on <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">App<\/a>le Podcasts, Spotify, Google Podcasts or TuneIn.<\/p>\n<p><template data-name=\"subscription_form\" data-type=\"markets_outlook\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/us-bank-collapse-was-crypto-being-targeted\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8221; US Bank collapse \u2014 Is crypto being targeted? &#8220; Crypto-friendly banks in the United States, such as Signature Bank,\u00a0served the likes of Paxos Trust, Celsius Network and other major crypto firms now suffering due to the recent decisions taken by the Federal Deposit Insurance Corporation (FDIC) and New York State Department of Financial Services&#8230;.<\/p>\n","protected":false},"author":1,"featured_media":565301,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/cdn-cgi\/image\/format=auto,onerror=redirect,quality=90,width=1200\/https:\/\/s3.cointelegraph.com\/uploads\/2023-03\/b4372acb-50e9-49f3-8fd2-7b991bbc4ee8.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74888,141254,141269,117,70934,33355],"class_list":["post-565300","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-banking","tag-signature-bank","tag-svb","tag-business","tag-regulation","tag-silicon-valley"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/565300","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=565300"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/565300\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/565301"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=565300"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=565300"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=565300"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}