This is obviously coordinated. The impetus to me seems to be clearing the way for the CBDC. FedNow is supposed to be rolled out this summer. While not a fully operational Death Star, it’s the first foray.
That’s the reason Silvergate and Signature had to be taken out. The SEN network and Signet were their respective 24 hour settlement networks for both fiat into crypto and crypto to crypto transfers, especially USD stablecoins. Needed to eliminate competition.
They’re also trying to eliminate off ramps out of fiat. I think it’s taken on extra urgency with the bank runs and failures. People can’t have other options. You need to be trapped in the fiat banking system. The one where we’re eventually going to be backing $18T in deposits with a $150B FDIC fund.
If you’ve been thinking of allocating some funds to bitcoin, I would consider accelerating your move. And for the love of God, please take possession of your own coins.