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Former Silvergate Exec: Gag Rule Lifted, Regulatory Pressure Caused Collapse
Description
Former Silvergate executive, Kate Fraher, breaks her silence on the banks shutdown, calling the SECs gag rule unconstitutional. She reveals the personal toll of regulatory pressure, including being de-banked and having credit lines shut down. Fraher argues that Silvergates collapse was due to intense regulatory pressure, not a bank run or FTX fallout, mirroring the shutdowns of other crypto-friendly banks. She praises the current SEC leadership for ending the gag rule.
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