of Paxos Trust and Celsius and other major crypto firms that suffered as a result of the decisions taken by the Federal Deposit Insurance Corporation and New York State Department of Financial Services.over $5 billion of funds for a handful of cryptocurrency venture capital funds including Andreessen Horowitz , Paradigm and Pantera Capital in recent years.
USD Coin issuer Circle was directly affected by the closure of SVB, with $3.3 billion tied up in the bank after its closure. Cryptocurrency markets were directly affected, with
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