CoinDesk published this video item, entitled “Closure of Crypto-Friendly Banks Is ‘Not a Policy Issue’: Former NYDFS Superintendent” – below is their description.
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Former congressman Barney Frank, who is also one of Signature Bank’s board members, thinks Signature’s shutdown could be politically motivated against the crypto industry. Former New York State Department of Financial Services Superintendent Maria Vullo reacts to that statement, saying, “I don’t think you close down a bank because of a policy issue, you do because … its financial picture is unsafe and unsound.”
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