‘Ludicrous’ to assume Signature Financial institution’s collapse was related to crypto, says NYDFS head

Adrienne Harris, superintendent of the New York Division of Monetary Companies, has reportedly mentioned the closure of the crypto-friendly Signature Financial institution (OTC:) in March had nothing to do with publicity to digital belongings.

In response to an April 5 report in The Wall Avenue Journal, Harris made the remarks on the Chainalysis Hyperlinks convention in New York Metropolis. She reportedly described the occasions main as much as the failure of Signature as a “new-fashioned financial institution run,” calling the concept that it had any relation to crypto publicity “ludicrous.”

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