After being shut down by U.S. regulators on Sunday, crypto-friendly Signature Bank director and former Congressman Barney Frank claimed they had “no indication of problems.” They suggested the bank’s closure was a “strong anti-crypto message” from regulators.
Following the Signature director’s comments, the Department of Financial Services (DFS) claimed that the bank’s resolution “had nothing to do with crypto,” according to a report by Fortune Magazine. A Spokesperson for the Department of Financial Services told Fortune:
The decision to take possession of the bank and hand it over to the Federal Deposit Insurance Corp (FDIC) was based on the current status of the bank and its ability to do business in a safe and sound manner on Monday
Regulators Targeted Crypto Banks?
Despite the statements of Signature Bank director Barney Frank, the DFS told Fortune that with large withdrawal requests looming and increasing, the Department of Financial Services worked with board
We współpracy z: https://bitcoinist.com/crypto-regulators-denied-signature-was-targeted/
