One of the crypto industry’s most important banking partners, Silvergate Bank, announced on Wednesday that it will cease operations and begin a voluntary liquidation.
Back in December, on Unchained, individual investor and former hedge fund manager Marc Cohodes predicted its demise. Reacting to the news, Caitlin Long, CEO and founder of Custodia Bank, says this isn’t an indictment of crypto, but of how the banking system will be forced to change.
