Crypto-Friendly Signature Bank Shut Down by State Regulators

“Signature Financial institution is a New York state-chartered industrial financial institution and is FDIC-insured, with complete property of roughly $110.36 billion and complete deposits of roughly $88.59 billion as of December 31, 2022,” Harris’ assertion mentioned. “DFS is shut contact with all regulated entities in mild of market occasions, monitoring market tendencies, and collaborating intently with different state and federal regulators to guard shoppers, make sure the well being of the entities we regulate, and protect the steadiness of the worldwide monetary system.”