Barney Frank, former member of the USA Home of Representatives and board member of Signature Financial institution (OTC:), pointed the finger at some members of the general public following the financial institution’s collapse.
In a Could 30 listening to earlier than the New York State Senate, Frank mentioned he had “no mea culpas” relating to Signature’s failure, saying the financial institution’s dealings with crypto had been “secure and sound” earlier than regulators stepped in. The previous US lawmaker urged the financial institution was performing as a facilitator for crypto quite than investing instantly in digital belongings and a few members of the general public did not make that distinction.
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