Chaos in US banks could push crypto industry toward decentralization

The crypto industry lost a number of banking on- and off-ramps due to the recent turmoil in the U.S. banking industry, signaling that there may be a shift in the space toward decentralization and a need for regulation going forward.
Last week, Silvergate Capital, Silicon Valley Bank and Signature Bank all shut down or were closed, which resulted in crypto companies and users alike scrambling to move their assets.
“Silvergate and Signature serve as the major on- and off-ramps for the crypto space with their SEN and Signet products, respectively,” Aaron Rafferty, CEO of Standard DAO, said to Tec

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