Elsewhere, Jonathan Zeppettini, strategy Lead at Decred, said: “The situation with Silvergate, Silicon Valley Bank, and Signature is a combination of a few things; banks failing to properly hedge interest rate risk, a classic bank run stemming from that illiquidity as they are forced to realize losses if they do not hold those assets to maturity, and opportunism by regulators to force the unwind of banks that are seen as “crypto-friendly.”
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