, the prominent investor who made a fortune in the real-estate sphere and after publishing a popular book"Rich Dad, Poor Dad" switched to educating people in the sphere of finance, has tweeted that he believes the global financial crisis is getting worse.
The investor added that"more and more dominos are falling," caused by the crash in the banking sphere as large banks have been going bankrupt one after another. By now, three major U.S. banks have gone broke and are closing down — Silvergate Bank, Silicon Valley Bank and Signature Bank. Curiously, all three banks had actively worked with crypto exchanges and stablecoin issuers, such as Paxos.
Ripple CEO Garlinghouse also made a statement to say that Ripple had a small exposure to SVB but the bank's collapse will not impact the company's daily operations.