Signature Bank Seizure 'Nothing To Do With Crypto,' New York Says.
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The decision to seize and shutter Signature Bank over the weekend had "nothing to do" with its activities as a crypto banker.
That's according to the New York Department of Financial Services (NYDFS), which regulated Signature. On Sunday, it closed the bank and turned it over to the Federal Deposit Insurance Corporation (FDIC) to liquidate its assets.
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