NYDFS basically stole signature bank and sold it off to a new owner with the promise that they won’t do business with “crypto.”

Really, they mean bitcoin. We’re officially in the fighting stage. They’re seizing and bankrupting banks to prevent adoption.

Could be wrong, but that’s the impression I get.

Same with SVB. They talk about it’s portfolio being mainly start ups, but a large percentage of the activity in Silicon Valley is in the crypto space. Say what you want about relationship between crypto and bitcoin… a war on crypto is a war on bitcoin. For all we know, the money funneled into the crypto space was meant to obfuscate bitcoin as a real competitor. Signal to noise.

Then burn it all down.