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The Daily Hodl 2023-05-17 18:45:58

FDIC Chair Says Signature Bank Failed To Understand the Risks of Doing Business With Crypto Industry

The head of the U.S. Federal Deposit Insurance Corporation (FDIC) says that Signature Bank (SBNY) failed to grasp the risks of doing business with the crypto industry ahead of its collapse. In new testimony before a U.S. Housing of Representatives committee, FDIC chairman Martin Gruenberg says that the crypto industry’s market volatility in the past The post FDIC Chair Says Signature Bank Failed To Understand the Risks of Doing Business With Crypto Industry appeared first on The Daily Hodl .

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