Lawmakers from both the Democratic and Republican parties in the US met with the Federal Reserve and Federal Deposit Insurance Corporation to discuss the recent collapse of Silicon Valley Bank (SVB). The bank, which was one of the most popular lenders to Silicon Valley tech and growth startups, failed on March 10 and fell under the control of the FDIC. US Treasury Secretary Janet Yellen also met with regulators to discuss the situation. Some major crypto companies, including Circle and bankrupt lender BlockFi, revealed their exposure to the collapsed bank. The collapse of SVB came just two days after crypto-friendly bank Silvergate also collapsed.
