Brad Garlinghouse declined to say how much capital is at the failed bank but said Ripple “remains strong.”
Highlights
- Ripple is the latest crypto company to comment on its connections to Silicon Valley Bank.
- The bank failed Friday after a run on deposits forced regulators to put the FDIC in control of its remaining assets.
- Federal regulators are said to be considering measures that would seek to prevent the second-largest bank failure in U.S.
- history from kicking off a broader crisis.
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