On Friday, the banking regulators in the US shut down the "financial partner of the innovation economy", as the SVB called itself after it suffered a swift collapse.
It has sent shock waves not only in the tech and banking industries but also in the stock market.
Shares of major U.S. Banks like Well Faro and BOA are down significantly, before the standard trading hours.
Wells Fargo Down 2.4%
Citigroup Down 1.9%
Bank Of America Down 4.2%SVB collapse means more stock-market volatility -->
The stock market is reacting negatively even in the premarket hours, leaving an open end to the proceeding impact on the crypto market.
“In times of increased volatility and uncertainty, we at the SEC are particularly focused on monitoring for market stability." Securities and Exchange Commission Chair Gary Gensler
SEC is identifying and prosecuting any form of misconduct that might threaten investors, capital formation, or the markets more broadly.