According to a White House representative, Joe Biden’s administration is “informed of the issue” at Silvergate. As the situation develops, it will continue to follow news on the problematic bank.
On March 6, at a press conference, White House’s spokesperson Karine Jean-Pierre said that she would not be commenting directly on Silvergate but that the administration would carefully follow the situation with the cryptocurrency bank.
Jean-Pierre added the White House had observed that Silvergate marked another large គ្រីប business to “face serious challenges” in recent months. Nevertheless, she refused to go into additional details about the firm.
Source: https://crypto.news/biden-administration-is-all-eyes-on-the-silvergate-saga/