Federal Reserve Governor Bauman: The Federal Reserve is not responsible for ensuring that every bank can continue to exist

Odaily Planet Daily News: Federal Reserve Governor Bauman said that we are not responsible for ensuring that every bank can continue to exist, and it is reasonable to conduct in-depth research on deposit insurance. $250000 may not be a "magic number". (Golden Ten) Previously, Nic Carter, a partner at Castle Island Ventures, stated that the bankrupt cryptocurrency friendly bank Silvergate Bank may have survived without being forced to voluntarily liquidate by US regulators attempting to "strangle" the cryptocurrency industry. He cited Silvergate's recent bankruptcy filing and conversations with sources showing that the Biden administration told the bank that it must limit cryptocurrency deposits to 15% or face consequences.