New York Department of Financial Services (NYDFS) Superintendent Adrienne Harris reportedly said the closing of crypto-friendly Signature Bank in March had nothing to do with digital assets.
According to an April 5 report from The Wall Street Journal, Harris have saidAt the Chainalysis Links conference in New York City. She reportedly described the events leading up to Signature’s failure as a “new type of bank run” that had no relation to crypto.
Harris pushed forward the idea that the United States government was working to limit access to U.S. banking services. in certain industries Dubbed by many as ‘Operation Choke Point 2.0’, the original Operation Choke Point, conducted by the US Department of Justice from 2013 to 2017, targeted banks suspected of being exposed to companies that may be involved in fraudulent or fraudulent operations. money laundering
NYDFS took control of Signature Bank on March 12, purporting to protect the US economy from It is the latest bank to fall behind after the recent meltdowns of Silvergate Bank and crypto-friendly Silicon Valley Bank.
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