Democratic Senator Floats Social Media Censorship as Third Bank Collapses, Lawmaker Says

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As quivers of fear streak across America in the aftermath of bank collapses, a Republican congressman said that at least one Democrat believes censorship should be one part of the policy response.

“Just got off of a zoom meeting with Fed, Treasury, FDIC, House, and Senate. A Democrat Senator essentially asked whether there was a program in place to censor information on social media that could lead to a run on the banks,” Republican Rep. Thomas Massie of Kentucky posted on Twitter.

Massie later noted that the response was “we will get back to you on that,” without identifying who said it.

On Friday, Silicon Valley Bank collapsed, two days after Silvergate — a major lender for the cryptocurrency sector — announced it was going to voluntarily liquidate and cease operations, according to CNBC.

On Sunday, Signature Bank was closed in what was the third-largest failure in American banking history. Silicon Valley Bank was the second-largest collapse.

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