Signature Bank was seized to send a message to other banks that ‘we don’t want you dealing with crypto,’ director says – Crypto Insight
A regulatory takeover of a New York-based bank was intended to send a message to U.S. banks to stay away from the cryptocurrency business, a former member of Congress who was on the bank’s board says. Former U.S. Rep. Barney Frank said Monday that he believes the state officials behind the action were trying to…