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But we saved everything 🙂.
Marty Bent, founder and podcaster at TFTC, questions how many banks could manage a 70% deposit run and still pay back all depositors.
He points out that Silvergate did so but was punished, attributing this to the Biden administration's disapproval of Silvergate's clientele.
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Bent has previously raised concerns about technology restrictions for Bitcoin users. In a recent piece, he argued that restrictive AI guardrails hinder law-abiding individuals. He maintains that Bitcoin advocates should have full access to advanced tools.