Signature Bank Was Shuttered Due to Liquidity Issues, Not Crypto, Says Top New York Financial Regulator: Report

Signature Bank Was Shuttered Due to Liquidity Issues, Not Crypto, Says Top New York Financial Regulator: Report


The Daily Hodl
2023-04-07 18:45:08

Signature Bank’s high-profile closure last month happened due to liquidity issues rather than a regulatory agenda against crypto, according to Adrienne A. Harris, the superintendent of the New York State Department of Financial Services (NYDFS). Harris spoke at the Chainalysis Links Conference this week, and told onlookers that it is a “really ludicrous” idea that The post Signature Bank Was Shuttered Due to Liquidity Issues, Not Crypto, Says Top New York Financial Regulator: Report appeared first on The Daily Hodl .