Former NY Regulator: Crypto Isn’t the Reason Why Signature Bank Was Closed

Nonetheless, the timing by regulators is significant, Vullo said. By quickly dealing with SVB and Signature, bank regulators were able to “send a very strong message to the public that the system is OK and that we’re going to take care of depositors,” she said.

This article has been originally published at: https://www.coindesk.com/policy/2023/03/17/former-ny-regulator-crypto-isnt-the-reason-why-signature-bank-was-closed/