Top U.S. Treasury Official Says Crypto Had No ‘Direct Role’ In Bank Failures

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Nellie Liang, the U.S. Treasury Department's undersecretary for domestic finance, doesn’t believe that the digital assets sector should be blamed for the runs on Silicon Valley Bank (SVB) and Signature Bank that led to their quick demise earlier this month.

Source: CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data

#Policy, #News, #Regulations, #TreasuryDepartment, #Banking, #SiliconValleyBank, #SignatureBank, #Deposits

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