First Citizens Nearing Deal for Silicon Valley Bank: Bloomberg

A deal might be announced before the market opens Monday in the U.S., the people told Bloomberg.protection on March 17.

While Silicon Valley Bank didn't provide fiat on-ramps to exchanges, like Silvergate or Signature bank, a number of key crypto companies like Circle Financial banked there. Circle’s USDC stablecoinfor a few days after the company announced that $3.3 billion of its deposits were at Silicon Valley Bank.

In a recent interview on CoinDesk TV’s “First Mover”, Brian Brooks, the former acting head of the Office of the Comptroller of the Currency , said that the U.S. Government is actively trying to choke off

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