{"id":75147,"date":"2023-03-07T12:00:19","date_gmt":"2023-03-07T10:00:19","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=75147"},"modified":"2025-09-10T10:01:50","modified_gmt":"2025-09-10T07:01:50","slug":"white-house-discusses-silvergate-problems-and-other-bitcoin-companies","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/white-house-discusses-silvergate-problems-and-other-bitcoin-companies\/","title":{"rendered":"White House discusses Silvergate problems and other Bitcoin companies"},"content":{"rendered":"<p>The administration of U.S. President Joe Biden is monitoring the situation around Silvergate Bank and cryptocurrency companies, said White House press secretary Karine Jean-Pierre at a briefing.<\/p>\n<p><iframe loading=\"lazy\" width=\"560\" height=\"315\" src=\"https:\/\/www.youtube.com\/embed\/YYNy8TV5waQ\" title=\"YouTube video player\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" allowfullscreen><\/iframe><\/p>\n<p>She noted that recently a number of crypto firms have faced &#8216;significant problems&#8217;, but she did not comment on the situation with Silvergate specifically.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>&#8216;In recent weeks, regulators have issued guidance on how banks should protect themselves from risks associated with cryptocurrencies,&#8217; added Jean-Pierre.<\/p>\n<\/blockquote>\n<p>According to her, the U.S. president &#8216;has repeatedly urged Congress to take action&#8217; to protect American users from risks associated with digital assets.<\/p>\n<p>In March, a number of crypto companies <a href=\"https:\/\/forklog.com\/en\/news\/crypto-firms-distance-themselves-from-silvergate-amid-bankruptcy-rumors\">cut ties<\/a> with Silvergate Bank. Among them are Coinbase, LedgerX, Circle, Paxos and others. Client outflows began amid the bank&#8217;s <a href=\"https:\/\/forklog.com\/en\/news\/silvergate-shares-plunge-49-after-delay-in-sec-filing\">delay in filing its annual report<\/a> to the <span data-descr=\"U.S. Securities and Exchange Commission\" class=\"old_tooltip\">SEC<\/span>.<\/p>\n<p>Subsequently, Silvergate announced the <a href=\"https:\/\/forklog.com\/en\/news\/silvergate-bank-closes-the-sen-payment-network\">closure of its own payment network<\/a> the Silvergate Exchange Network.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The administration of U.S. President Joe Biden is monitoring the situation around Silvergate Bank and cryptocurrency companies.<\/p>\n","protected":false},"author":1,"featured_media":75148,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1683,26],"class_list":["post-75147","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-silvergate-bank","tag-usa"],"aioseo_notices":[],"amp_enabled":true,"views":"18","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/75147","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=75147"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/75147\/revisions"}],"predecessor-version":[{"id":75149,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/75147\/revisions\/75149"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/75148"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=75147"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=75147"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=75147"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}