Learn More about Lumida ETF
Powered by LumidaWealth.com
Lumida News
  • Home
  • EarningsNEW
  • News
    • Alt Assets
    • Crypto
    • Equities
    • Macro
    • Markets
    • Real Estate
  • Lifestyle
    • Family Office
    • Health and Longevity
  • Themes
    • Aging & Longevity
    • AI
    • CRE
    • Digital Assets
    • Legacy Brands
    • Nuclear Renaissance
    • Private Credit
  • About Us
No Result
View All Result
Lumida News
  • Home
  • EarningsNEW
  • News
    • Alt Assets
    • Crypto
    • Equities
    • Macro
    • Markets
    • Real Estate
  • Lifestyle
    • Family Office
    • Health and Longevity
  • Themes
    • Aging & Longevity
    • AI
    • CRE
    • Digital Assets
    • Legacy Brands
    • Nuclear Renaissance
    • Private Credit
  • About Us
No Result
View All Result
Lumida News
No Result
View All Result
  • Lumida Wealth
  • Lumida Ledger
  • LUMIDA ETF
  • About Us
Home Themes Digital Assets

The Hidden Agenda: How Silvergate’s Fall Exposes Financial Redlining

by Team Lumida
October 4, 2024
in Digital Assets, Private Credit
Reading Time: 3 mins read
A A
0
The Hidden Agenda: How Silvergate’s Fall Exposes Financial Redlining
Share on TelegramShare on TwitterShare on FacebookShare on LinkedinShare on Whatsapp

Key Takeaways:

Powered by lumidawealth.com

  1. Silvergate and Signature banks allegedly closed due to political motives, not just financial missteps.
  2. Regulatory actions against crypto-friendly banks signal a broader crackdown on the industry.
  3. Crypto entrepreneurs face increasing challenges in securing banking services due to these regulatory pressures.

What Happened?

In 2023, Silvergate and Signature, two leading crypto-focused banks, faced closures. The Biden administration allegedly targeted these banks amid the banking crisis, aiming to curb the crypto industry’s growth.

Silvergate voluntarily liquidated, while Signature was forcibly sold, with $4 billion in crypto deposits returned to depositors. The Federal Deposit Insurance Corporation (FDIC) allegedly discouraged bids on Signature’s crypto assets, illustrating a broader regulatory crackdown. Nic Carter argues these banks were victims of a coordinated political effort rather than solely poor financial management.

Why It Matters?

This situation highlights potential political interference in banking, raising concerns about open access to financial services. The closures of Silvergate and Signature may reflect a strategic move to de-bank the crypto sector. This sets a troubling precedent where regulatory bodies might use their power to marginalize legal industries based on political biases.

Barney Frank, a Signature board member, stated the bank’s closure was due to its crypto ties, emphasizing the political motivations behind these actions. Investors should consider the impact of such regulatory environments on crypto-related ventures.

What’s Next?

Expect continued scrutiny and regulatory challenges for crypto-friendly banks. The aftermath of Silvergate and Signature’s closures could lead to more stringent rules, deterring new entrants from serving the crypto sector. Current players like Customers and Cross River face enforcement actions, hinting at ongoing regulatory hostility.

Crypto entrepreneurs must navigate these hurdles to secure banking services, potentially stifling innovation. As the debate over financial regulation’s role in politics continues, investors should monitor how these dynamics might shape the future of crypto banking and industry growth.

Source: Coindesk
Previous Post

Jobs Surge Crushes Rate Cut Hopes

Next Post

OpenAI’s Manhattan Move: Office in Soho

Recommended For You

Private Credit Funds Target Billions in Retail Demand Across Asia

by Team Lumida
1 week ago
Private Credit Funds Target Billions in Retail Demand Across Asia

Key Takeaways: Powered by lumidawealth.com Fund managers in Asia are expanding access to private credit investments for retail investors, a market traditionally dominated by institutions and ultra-wealthy clients. Regulators...

Read more

Private Credit Investors Shift Portfolios Amid Global Tariff Uncertainty

by Team Lumida
3 weeks ago
gray wooden welcome to the beach signage

Key Takeaways: Powered by lumidawealth.com Private credit investors are diversifying geographically to mitigate risks from escalating global tariffs, particularly those imposed by the U.S. Managers are strengthening deal structures...

Read more

Hedge Funds Bet Against Private Credit Lenders Amid Economic Uncertainty and Valuation Concerns

by Team Lumida
4 weeks ago
Ultra-Rich Families Fuel $20 Billion Surge in Private Equity Buyouts

Key Takeaways: Powered by lumidawealth.com Hedge funds have made $1.7 billion in paper profits this year by shorting shares of major private credit lenders, including Apollo Global Management, Ares...

Read more

Private Equity Firms Target European Defense Assets Amid Military Expansion and Geopolitical Shifts

by Team Lumida
1 month ago
Private Equity Firms Target European Defense Assets Amid Military Expansion and Geopolitical Shifts

Key Takeaways: Powered by lumidawealth.com Private equity firms, including Tikehau Capital, CVC Capital Partners, and Veritas Capital, are raising funds and building teams to invest in European defense companies,...

Read more

Private Equity Eyes $12 Trillion in U.S. Retirement Savings, Pushing for 401(k) Access

by Team Lumida
2 months ago
turned-on MacBook Pro

Key Takeaways: Powered by lumidawealth.com Private equity firms are lobbying to include alternative investments in 401(k) plans, targeting the $12 trillion retirement savings market. Industry leaders argue that private...

Read more

Private Equity Industry Shrinks for the First Time in Decades Amid Liquidity Challenges

by Team Lumida
3 months ago
a computer screen with a bunch of data on it

Key Takeaways: Powered by lumidawealth.com Private equity assets under management (AUM) fell by 2% in 2024, marking the first decline since tracking began in 2005. Fundraising dropped 23% as...

Read more

SEC Flags Concerns Over State Street and Apollo’s Private Credit ETF Launch

by Team Lumida
3 months ago
close-up photo of monitor displaying graph

Key Takeaways: Powered by lumidawealth.com The SEC has raised concerns about liquidity, valuation processes, and the naming of the newly launched private credit ETF by State Street and Apollo....

Read more

Investors Face Growing Risks from Misinformation, Labor Shortages, and Private Credit Growth

by Team Lumida
4 months ago
person using phone and laptop computer

Key Takeaways: Powered by lumidawealth.com Rising misinformation and political polarization are distorting market perceptions and investment decisions. A looming labor shortage, driven by declining fertility rates and an aging...

Read more

Private Credit Emerges as Key Funding Source for Tech Giants Amid IPO Slowdown

by Team Lumida
4 months ago
gray wooden welcome to the beach signage

Key Takeaways: Powered by lumidawealth.com• Blackstone leads $4 billion loan for Clario and participates in $2.75 billion Databricks financing• Private lenders offer flexibility through revenue-based loans versus traditional earnings-based...

Read more

Private Credit’s New Frontier: The $4.18T Receivables Market Presents Untapped Opportunities

by Team Lumida
5 months ago
Private Credit’s New Frontier: The $4.18T Receivables Market Presents Untapped Opportunities

Key Takeaways: Powered by lumidawealth.com• Global factoring market valued at $4.18T, growing at 10.5% CAGR• Europe dominates with 64.47% market share• Private credit sector grew tenfold to $2T by...

Read more
Next Post
OpenAI’s Manhattan Move: Office in Soho

OpenAI's Manhattan Move: Office in Soho

Microsoft’s AI Ambitions: A Costly Path Forward

Microsoft's AI Ambitions: A Costly Path Forward

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Related News

Kamala Harris’s Tax Plan: What Investors Need to Know

Kamala Harris’s Tax Plan: What Investors Need to Know

August 27, 2024
skyline photography of nuclear plant cooling tower blowing smokes under white and orange sky at daytime

The New Nuclear Era: A Game-Changer for U.S. Energy Needs

September 7, 2024
AI Startups Rush to Sell: Hugging Face CEO Shares Insights

AI Startups Rush to Sell: Hugging Face CEO Shares Insights

June 13, 2024

Subscribe to Lumida Ledger

Browse by Category

  • Lifestyle
    • Family Office
    • Health and Longevity
    • Next Gen Wealth
    • Trust, Tax, and Estate
  • News
    • Alt Assets
    • Crypto
    • Equities
    • Latest
    • Macro
    • Markets
    • Real Estate
  • Research
    • Trackers
  • Themes
    • Aging & Longevity
    • AI
    • Biotech
    • CRE
    • Cybersecurity
    • Digital Assets
    • Legacy Brands
    • Nuclear Renaissance
    • Private Credit
    • Software
Facebook Twitter Instagram Youtube TikTok LinkedIn
Lumida News

Premium insights to help you invest beyond the ordinary. Lumida Wealth Management LLC (‘Lumida”) is an SEC registered investment adviser

CATEGORIES

  • Aging & Longevity
  • AI
  • Alt Assets
  • Biotech
  • CRE
  • Crypto
  • Cybersecurity
  • Digital Assets
  • Equities
  • Family Office
  • Health and Longevity
  • Latest
  • Legacy Brands
  • Lifestyle
  • Macro
  • Markets
  • News
  • Next Gen Wealth
  • Nuclear Renaissance
  • Private Credit
  • Real Estate
  • Software
  • Themes
  • Trackers
  • Trust, Tax, and Estate

BROWSE BY TAG

AI AI chips AI demand Amazon Apple Artificial Intelligence Banking Bitcoin China Commercial Real Estate CPI Crypto Donald Trump EARNINGS ELON MUSK ETF Ethereum Federal Reserve financial services generative AI Goldman Sachs Google India Inflation Interest Rates Investment Strategy Japan Jerome Powell JPMorgan Markets Meta Microsoft Nasdaq Nvidia OpenAI private equity S&P 500 SEC Semiconductor stock market Tech Stocks tesla Trump Wells Fargo Whale Watch

© 2025 Lumida Wealth Management LLC is an SEC registered investment adviser. Privacy Policy. Cookies Policy.
Disclaimer Important Information This site is for informational purposes only. Information presented on this site does not constitute as investment advice.

Lumida Wealth Management LLC (‘Lumida”) is an SEC registered investment adviser. SEC registration does not constitute an endorsement of the firm by the Commission nor does it indicate that the adviser has attained a particular level of skill or ability.

Lumida's website (referred to herein as the "Website") is limited to the dissemination of general information pertaining to its advisory services, together with access to additional investment-related information, publications, and links. Accordingly, the publication of the Website on the Internet should not be construed by any client and/or prospective client Lumida’s solicitation to effect, or attempt to effect transactions in securities, or the rendering of personalized investment advice for compensation, over the Internet.

Any subsequent, direct communication by Lumida with a prospective client will be conducted by a representative that is either registered or qualifies for an exemption or exclusion from registration in the state where the prospective client resides.

‍Lead Capture Forms: By submitting your contact information in the forms on this site, you are not obligated to invest in Lumida's product or services.
‍Address: Lumida Wealth Management, 25 W 39th Street Suite 700, New York, NY 10018

No Result
View All Result
  • Home
  • Earnings
  • News
    • Alt Assets
    • Crypto
    • Equities
    • Macro
    • Markets
    • Real Estate
  • Lifestyle
    • Family Office
    • Health and Longevity
  • Themes
    • Aging & Longevity
    • AI
    • CRE
    • Digital Assets
    • Legacy Brands
    • Nuclear Renaissance
    • Private Credit
  • About Us

© 2025 Lumida Wealth Management LLC is an SEC registered investment adviser. Privacy Policy. Cookies Policy.
Disclaimer Important Information This site is for informational purposes only. Information presented on this site does not constitute as investment advice.

Lumida Wealth Management LLC (‘Lumida”) is an SEC registered investment adviser. SEC registration does not constitute an endorsement of the firm by the Commission nor does it indicate that the adviser has attained a particular level of skill or ability.

Lumida's website (referred to herein as the "Website") is limited to the dissemination of general information pertaining to its advisory services, together with access to additional investment-related information, publications, and links. Accordingly, the publication of the Website on the Internet should not be construed by any client and/or prospective client Lumida’s solicitation to effect, or attempt to effect transactions in securities, or the rendering of personalized investment advice for compensation, over the Internet.

Any subsequent, direct communication by Lumida with a prospective client will be conducted by a representative that is either registered or qualifies for an exemption or exclusion from registration in the state where the prospective client resides.

‍Lead Capture Forms: By submitting your contact information in the forms on this site, you are not obligated to invest in Lumida's product or services.
‍Address: Lumida Wealth Management, 25 W 39th Street Suite 700, New York, NY 10018