Silvergate's Demise Is a Major Blow to the Crypto World

Silvergate's Demise Is a Major Blow to the Crypto World

On Wednesday afternoon, the crypto-friendly lender Silvergate announced “its intent to wind down operations and voluntarily liquidate the Bank in an orderly manner and in accordance with applicable regulatory processes.”

This is not a huge surprise. In Sunday’s FIN post, we wrote:

At Friday’s close,…