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Several United States senators have reportedly penned a letter requesting answers from Silvergate Capital (NYSE:) — the parent company of Silvergate Bank — related to the collapse of cryptocurrency exchange FTX.
According to a Jan. 31 Bloomberg report, U.S. senators including Elizabeth Warren, Roger Marshall and John Kennedy said Silvergate had not fully answered questions in response to a December letter about its alleged role in handling FTX user funds. Silvergate reportedly cited restrictions on disclosing “confidential supervisory information” — a rationale the senators said was unacceptable.
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