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Biden administration actions against Silvergate Bank were wrong, Caitlin Long argues

Biden administration actions against Silvergate Bank were wrong, Caitlin Long argues
Biden actions toward Silvergate Bank criticized

Caitlin Long, founder and CEO of Avanti Bank & Trust at Custodia Bank, criticized the Biden administration for its treatment of Silvergate Bank and suggested that the U.S. government unfairly targeted the bank because it disapproved of its activities.

Long stated that nothing has been done to change the mechanisms used by the administration to act against Silvergate, and she argued that such abuse of power could occur again. She added that the GOP had the chance to address the situation but did not take action.

Long has previously commented on tensions between the U.S. Treasury and Federal Reserve, stating that their disputes extend beyond monetary policy in a recent analysis. She has also noted that the U.S. Treasury, rather than the Fed, now controls recognition of tokenized eurodollars in an earlier report. These observations come amid ongoing discussions over regulatory authority in the financial sector.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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