depositors

It is reported that Novogratz, founder of Galaxy Digital, a cryptocurrency investment company, was shocked that the Federal Reserve would cause depositors to suffer capital losses in the SVB event. Galaxy Digital has no business dealings with SVB Bank. Interpretation of this information: The recent news of Silicon Valley Bank’s (SVB) decision to cancel its prepaid card program has caught the attention of many, including Mike Novogratz, founder of Galaxy Digital, a cryptocurrency investment company. Novogratz expressed his shock and dismay that the Federal Reserve has allowed such a decision…