The US Government Is Suing Itself Over Silicon Valley Bank
Photo: Ian Dyball (Getty Images)Can’t we all just get along? Not if you’re an employee of the federal government. The Internal Revenue Service (IRS) just filed a lawsuit against the Federal Deposit Insurance Corporation (FDIC) over a $1.45 billion tax bill stemming from the bailout of Silicon Valley Bank.Why Bitcoin won’t reach $1,000,000In other words, the US government filed a lawsuit against the US government. May the best bureaucracy win.Back in 2023, Silicon Valley Bank collapsed overnight. It threatened to take the…