$110,000,000,000 Bank Seized by Regulators To Send Anti-Crypto Message, Says Former Congressman Barney Frank

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బుధ, మార్చి 15, 2023 4:55 PM

$110,000,000,000 Bank Seized by Regulators To Send Anti-Crypto Message, Says Former Congressman Barney Frank

Former Democratic congressman from Massachusetts Barney Frank suspects Signature Bank may have been taken over by regulators to send an “anti-crypto message.”

న్యూయార్క్ స్టేట్ డిపార్ట్‌మెంట్ ఆఫ్ ఫైనాన్షియల్ సర్వీసెస్ మూతబడిన Signature on Sunday after customers withdrew $10 billion worth of deposits on Friday.

The state regulator appointed the Federal Deposit Insurance Corporation (FDIC) to run a “bridge bank” holding all of Signature’s assets.

The FDIC plans to market the financial institution to potential bidders and చెప్పారు it will protect all of Signature’s depositors, noting that the bank’s customers all still have access to their money.

Frank, who is also a Signature board member tells సిఎన్బిసి that the bank’s issues were “purely contagion” from the implosion of Silicon Valley Bank last week.

Frank also claims there was “no real objective reason” regulators needed to take over the crypto-friendly financial institution.

“ఏమి జరిగిందో దానిలో కొంత భాగం రెగ్యులేటర్లు చాలా బలమైన యాంటీ-క్రిప్టో సందేశాన్ని పంపాలని కోరుకుంటున్నాను. ఫండమెంటల్స్ ఆధారంగా దివాలా తీయడం లేదు కాబట్టి మేము పోస్టర్ బాయ్ అయ్యాము.

Over the weekend, the Federal Reserve and Treasury Department ప్రకటించింది they would make up to $25 billion available as loans for financial institutions to alleviate liquidity pressures and meet the needs of their depositors.

రూపొందించిన చిత్రం: మిడ్‌జర్నీ

పోస్ట్ $110,000,000,000 Bank Seized by Regulators To Send Anti-Crypto Message, Says Former Congressman Barney Frank మొదట కనిపించింది ది డైలీ హాడ్ల్.

అసలు మూలం: ది డైలీ హాడ్ల్