Blaming Crypto? Banking Regulator Spills The Tea On Signature Bank Collapse

New York’s chief banking regulator, Superintendent Adrienne Harris, refuted the claim that Signature Capital Corp.’s (NYSE: SI)(Signature Bank) failure was due to its involvement in the cryptocurrency sector during her appearance before a U.S. Congressional committee on Wednesday. Harris stated, “It is a misnomer that the failure of Signature Bank was related to crypto,” according to a report by The Block.