U.S. lawmakers met with the Federal Reserve and Federal Deposit Insurance Corp. on Friday to discuss the collapse of Silicon Valley Bank (SVB).

Rep. Maxine Waters (D-Calif.) held briefings with officials from the two federal bank regulators, as well as the Treasury Department late in the day, hours after the California Department of Financial Protection and Innovation took over the bank and turned it over to the FDIC. Lawmakers from both major political parties were present at the meetings with regulators, a person familiar told CoinDesk.