Adrienne Harris said: 'The idea that the taking possession of Signature was about crypto and this is 'Choke Point 2.0' is really ludicrous.' signaturebankcrypto bankingcrisis
New York Regulator Calls Crypto Theories Associated With Signature Bank Closure 'Ludicrous'
Adrienne A. Harris, the superintendent of New York’s Department of Financial Services, has branded as “ludicrous” the claims that the closure of Signature Bank was related to its crypto business. Harris insisted that the bank’s “high percentage of uninsured deposits” and insufficient liquidity were some of the reasons why it was closed.Head of the New York State’s Department of Financial Services , Adrienne A.
Speaking at a recent event organized by the blockchain analysis firm, Chainalysis, Harris also dismissed assertions that her department’s closure of the Signature Bank may be part of an elaborate scheme that is aimed at strangling the crypto industry. “The idea that the taking possession of Signature was about crypto and this is ‘Choke Point 2.0’ is really ludicrous,” Harris said.
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