The Banking Crisis Is Not Crypto’s Fault

Crypto might have a banking problem, but banks don’t have a crypto problem.

Highlights

• Signature is viewed as another crypto-friendly bank as Silvergate was.
• Now, on Sunday, we had Signature shut down by state regulators.
• We’ve seen Barney Frank – yes, the Frank in Dodd-Frank – come out and say that clients may have overestimated Signature’s exposure to crypto.
• Frank knows this because, and I cannot believe this is true, he is a board member at Signature.

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