SVB Financial Group has filed a #voluntary petition for a court-#supervised reorganization under Chapter 11 in the United States Bankruptcy Court.

colored tokens that are issued by #commercial banks to any standards they choose, and joint tokens that are issued by a licensed and #supervised special purpose vehicle consisting of participating banks. The authors prefer the last choice.

The U.S. Federal Reserve is also #looking into the bank's collapse in its own way — namely, how it #supervised and regulated the now-collapsed financial institution.

“We need to have #humility, and conduct a careful and thorough review of how we #supervised and regulated this firm, and what we should learn from this experience," Vice Chair Barr added.

#US. Federal Reserve rejects #crypto-focused bank's #application to be #supervised by the #Fed.