Arnie Frank's portrait's right up there, and he was on the board of Signature Bank. He said there was no solvency issue. The problem was they're banking crypto. Did The improper seizure of Signature Bank scared the industry. Yes, Congressman. The industry was not only scared, they were terrified. Because that was a bank that was meeting its customer requirements, fulfilling every regulatory obligation. (01:34–01:40)
CLAIM
Asserts that the seizure of Signature Bank had a chilling effect on the industry.
This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.
