The closure of Signature Bank, a lender that counted a number of crypto companies as customers, marks another major setback for digital assets as the industry becomes ever more cut off from the banking system. The Treasury Department said Signature Bank was closed by New York state regulators Sunday and that depositors will have access to their money Monday. He …
After shutting down two banks in last week, New York regulators shut down another significant one in the crypto industry, the Signature Bank. US Treasury Secretary Janet Yellen, Federal Reserve Board Chair Jerome Powell and Federal Deposit Insurance Corporation Chairman Martin Gruenberg said in a joint statement that all depositors of Signature Bank 'will be made whole'. Crypto firm Circle …
