Top U.S. Treasury Official Says Crypto Had No ‘Direct Role’ In Bank Failures

Treasury Under Secretary Nellie Liang told House lawmakers the crypto industry wasn’t a central factor in the wipeouts of Silicon Valley Bank and Signature Bank.

Highlights

• Top U.S.
• Treasury Official Says Crypto Had No ‘Direct Role’ In Bank Failures.
• Nellie Liang told House lawmakers the crypto industry wasn’t a central factor in the wipeouts of Silicon Valley Bank and Signature Bank.
• Liang said the crypto had no ‘direct role’ in the wiping out of the Silicon Valley and Signature banks.

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