The New York Department of Financial Services (NYDFS) denied the allegations, explaining that the shutdown of Signature Bank is not directly related to cryptocurrencies.
After the closure of Signature Bank in the past days, the bank’s executives “They shut us down to send a message to the cryptocurrency industry” The claim was noteworthy. Responding to these allegations NYDFSthe decision to close is not related to cryptocurrencies, the main reason is the bank’s decision. Trustworthy And Does not provide consistent data claimed to be:
The resolutions made over the weekend were not crypto related. The decision to take over the bank and transfer it to the FDIC was based on the bank’s current state and its ability to do business safely and soundly on Monday. Signature failed to provide reliable and consistent data and created a major crisis of confidence in the bank’s leadership.
Ultimately, authorities describing Signature Bank as a broader bank said that the crypto business represents only a small part of the big picture. it’s not about that stressed.
Although the regulatory body has stated that the issue is not related to cryptocurrencies, in retrospect of NYDFS US specific mentioned in several anti-crypto lawsuits is seen. The institution finally Binance and bankrupt Voyager digital He opposed the $1 billion purchase agreement between the two companies and called the deal illegal.
Signature Bank board member and former deputy, who came to the agenda with his assertive exit after the closure of the bank Barney Frank While he has not yet given an answer on the subject, his claim continues to maintain its seriousness.