Golden Finance reported that Chris Lane, the former chief technology officer of Silvergate Bank in the United States, recently stated on the social platform He criticized it as a "sudden regulatory crackdown" and argued that banks were solvent and liquid before voluntary liquidation. Silvergate Bank had been an important supporter of the crypto industry, and its closure was seen as part of Operation "Choke Point 2.0", a move to restrict the digital asset industry's access to the banking system.