Former Home Rep blames trade outsiders for associating crypto with financial institution’s failure

Barney Frank, a former member of america Home of Representatives and board member of Signature Financial institution (OTC:), has pointed fingers at sure members of the general public within the wake of the financial institution’s collapse.

In a Could 30 listening to earlier than the New York State Senate, Frank stated he had “no mea culpas” relating to the failure of Signature, claiming that the financial institution’s dealings with crypto had been “secure and sound” previous to regulators stepping in. The previous U.S. lawmaker steered the financial institution acted as a facilitator for crypto moderately than investing straight in digital property and that some within the public didn’t make this distinction.

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