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Ser Tolly the Brown 🦇🔊 Profile picture
Ser Tolly the Brown 🦇🔊
@r1p0st3_crypt0
A shadowy super-coder.
Mar 11, 2023 • 10 tweets • 3 min read
What happened with Silicon Valley Bank (SVB)? Why did it crash? Who's responsible?

A thread 👇 🧵

#SVBCollapse #SVB #SIVB 1/9

SEC Chair Gary Gensler & Senator Elizabeth Warren launched operation Chokepoint 2.0 somewhere in late 2022.

Chokepoint 2.0 is an operation aimed at crypto companies and getting them unbanked.

No matter how you feel about crypto, this had big consequences outside of it.