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Silvergate ex-CEO blames Biden administration pressure for 2023 wind-down

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  • Alan Lane claimed Biden administration pressure caused Silvergate Bank’s 2023 wind-down.
  • 68%: Crypto-related deposits fell from $11.9 billion to $3.8 billion in fourth-quarter 2022.
  • Silvergate recorded a $718 million bond-sale loss while Lane said liquidity remained sufficient.
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