The bank's self-settlement has led many people to share their views on the root causes of the inconvenience and the more comprehensive harm to Crypto caused by the collapse of a password-friendly bank.

From due process to password investment analysts, from password company management to current affairs commentators-almost everyone commented on Silvergate's recent statements.

Some US lawmakers used this moment to comment on the password industry, calling it a "high-risk and unstable area" and "spreading risk across the financial system".

Senator Elizabeth Warren called the Silvergate failure "disappointing, but it is not hard to imagine" and called on regulators to "charge ahead and resist password risk".

Senator Shemel Brown joined in, sharing his concerns that participating in data encryption banks had put the financial system at risk, and strictly enforcing his expectations of "creating strong safeguards for their financial system". To protect it from the risks of data encryption.

The senator's remarks raised questions in the community, some of whom made up lies. This is not a password puzzle, and some risk reserve financial institutions should be reprimanded because Silvergate holds more demand savings than the cash on hand.

Several companies have then taken advantage of recent statements from Silvergate to strictly enforce them, and they have not or have not cut off contact with the company.

BinanceCEO Zhao Changpeng assured customers on Twitter that the password trading center did not keep property in Silvergate, while Coinbase, a trading center in the same industry, assured followers that financial institutions did not own customer assets.

In addition, Nix Katch, founder of venture capital firm Castle Island and password intelligence company Coin Metrics, said it was the state's investigation and legal attack on Silvergate that "accelerated its collapse."

"they are both arsonists and firefighters," he wrote.

CEORam Ahluwalia of Lumida, a financial information services company, took a similar view, making up lies in a tweet that Silvergate faced a bank run after a letter from a senator undermined public recognition of the company. "Silver Gate has been robbed of legal principles," he said. "

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In an earlier online article, Cardholder mentioned that "choke Point 2.0" was under way, claiming that the US government had taken advantage of "a complex and widespread attack on the password industry" by commercial banks.

It is believed that the bankruptcy of Silvergate will not necessarily hurt the password field, but the proposed changes to the tax law will aggravate the withdrawal of password companies from abroad.

With the gradual closure of Silvergate, some people also asked where the password company will become now.

Coinbase, which previously accepted payments under Silvergate, announced on March 3 that it would work with another financial institution partner, Signature Bank, to provide cash payments to institutional clients of its core clients.

However, the signing financial institution announced in December last year that it was prepared to reduce the openness of the password industry as much as possible by reducing the savings of users with digital currency.

In order to further reduce the risk of data encryption, Signature set a minimum transaction volume of $100000 based on the SWIFT payment platform for Binance, the cryptographic trading center, to handle transactions on Jan. 21.