September 24, 2024

US lawmaker suggests Signature’s collapse was tied to instability of crypto

 US lawmaker suggests Signature’s collapse was tied to instability of crypto

Senator Michael Bennet said crypto was not “even as stable as the marijuana industry,” questioning Signature Bank’s ability to service digital asset firms but not dispensaries.

Michael Bennet, a United States Senator representing the state of Colorado, has suggested that banks that associated with crypto firms did not make prudentially sound decisions.
Speaking at a March …