IMO:
CRYPTO is at the genesis of all the bank problems.
Banks involved seem to have had alot of activity with CRYPTO.
THAT is a house of cards-—and:
Biden wants paper/coins to go away in favor of DIGITAL MONEY.
MUST get CRYPTO & DIGITAL money completely out of the picture. MUCH too dangerous.
CRYPTO is at the genesis of all the bank problems.
Banks involved seem to have had alot of activity with CRYPTO.
THAT is a house of cards-—and:
Biden wants paper/coins to go away in favor of DIGITAL MONEY.
MUST get CRYPTO & DIGITAL money completely out of the picture. MUCH too dangerous.
To the extent these banks were involved in crypto-currencies, they were the free/open market version of them. What Biden & the Dems are pushing is for a digital US dollar, and then regulating out of existence the others (Bitcoin, Ethereum, Dogecoin, etc.).
But it's very unlikely crypto-currencies had anything to do with these bank shut-downs. For the cause of them, you need only to look back to the onset of the pandemic, and how our ruling/elite class reacted to it.
Pandemic starts (thanks CHINA!), spreads, and is not understood by governments. They react poorly, including shut-downs, forced vaccinations, and mandated social distancing (to "stop the spread").
Force isolation and business shut-downs leads to worldwide shortages of goods. As we all know, inflation is caused by too much money chasing too few goods. So if goods decline in availability, and there's not a commensurate reduction in demand (reduction in spending, then inflation starts - and it did.
The Dems in charge then did the exactly wrong thing - they threw money around like confetti. You now have even more money chasing the still-scarce goods. This is akin to throwing gasoline on a fire. Why did they do this? Simple - to remain in power. The alternative was to let the effects of the shortages, shutdowns and slowdowns force the US into recession and high unemployment. So much better to tell the voting public that all is well, we've saved the economy, and this inflation is "transitory".
Of course, the Fed then needs to jump in to tame inflation, so they raise interest rates. A lot. But the Dems keep throwing more money around (to prevent a recession, don't you know). So the Fed hikes more and more.
You do know how the banking model works, right? They take in deposits, for which they pay little or no interest. They are "demand deposits", meaning they are highly liquid and can be withdrawn any time. The banks then lend money back out at higher rates, and with longer terms. Think 5-year auto loans, 30-year mortgages, etc. The banks' income is the spread between the higher-rate lending rate and the lower-rate deposit interest.
The Fed's continual rate hikes leads to an "inverted yield curve" - that is, long-term rates are higher lower than short-term rates. Guess what happens to a bank's income model when they have to pay depositors more, and they can't charge borrowers as much? It breaks. Then, when depositors come to withdraw their funds, the bank will first pay out with ready reserves - effectively cash, or cash-equivalents that can be quickly liquidated. But if demand for withdrawls exceeds the ready reserves, then other assets have to be sold off. In every failing bank so far, the value of these other assets had declined - often substantially. So they had to take losses on these assets to meet the liquidity demands of the depositors. Then rumors of liquidity issues begin, and more depositors demand their money back - a classic run on the bank. At this point, the banks were in a death-spiral, and there was nothing that could be done but to shut them down.
In summary, the initial inflation was caused by lib/elite reaction to the pandemic; Dem's endless spending exacerbated the inflation; Fed rate hikes broke the bank spread-income model; banks failed.