Was Silvergate on Borrowed Time as Regulators Backed Banks Away From Crypto?

“Clearly, they’re urging extreme caution,” said Alexandra Barrage, a banking lawyer at Davis Wright Tremaine who was previously a senior official at the FDIC. She said they likely had Silvergate and similar banks in mind when they issued these warnings, which she said have shown an unusual willingness for the banking agencies to “provide some guardrails” about what they don’t want to see.