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New York finance regulator says Operation Choke Point 2.0 is ‘ludicrous’

New York finance regulator says Operation Choke Point 2.0 is ‘ludicrous’

The NYDFS has claimed that Signature Bank’s closure was prompted by a bank run and a high proportion of uninsured deposits.

Cryptocurrency news by Protos · Protos

April 6, 20232m 20s

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Show Notes

New York Department of Financial Services superintendent Adrienne Harris has described the idea that last month's Signature Bank takeover was motivated by crypto as "ludicrous," reports Coindesk.


Listen to this article to discover how crypto Twitter was awash theories that the bank's shutdown was related to a crackdown on banks providing services to crypto firms.


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