The founder of Tron on Sunday, March 12, took to social networks with a proposal to solve the problems that await the financial system in connection with the bankruptcy of Silicon Valley Bank.
Justin Sun thinks the SVB case is a wake-up call for bankers:
“Recent incidents, such as the SVB situation, show the potential damage that can be done to other market participants. Now is the right time to create a bank that you can rely on that will meet the needs of the cryptocurrency industry. As a supporter of this ecosystem, I am open to any idea that will help create such a bank.”
The creator of Tron is willing to help with funds, management and operational support for such a project. Sun is confident that building a strong banking infrastructure will connect traditional finance with new digital assets. According to the developer, this needs to be done for the mass adoption of cryptocurrencies:
“Let’s work together to create a secure, regulated environment for the crypto industry. We will make sure that incidents like the SVB incident do not happen in the future.”
On Friday, March 10, the California Department of Financial Protection and Innovation (DFPI) asked Silicon Valley Bank to cease operations without disclosing the reasons for the decision. Earlier in the US, the Silvergate cryptocurrency bank collapsed .
