New York

Adrienne Harris, the superintendent of the New York Department of Financial Services, said the decision to close the bank was instead due to a “new-fashioned bank run.”

By Cheyenne Ligon

Apr 5, 2023 at 3:14 p.m. UTC

Apr 5, 2023

RegulationsNew York Department of Financial ServicesNew YorkAdrienne HarrisSignature Bank

Web3

Trump NFT Sales Spike Following Ex-President's Arraignment in New York

In the hour after the 45th president was arrested Tuesday afternoon, the collection saw 30 sales, a 462% increase after a long period of token holder dormancy.

By Cam Thompson

Apr 4, 2023 at 8:19 p.m. UTC

Apr 4, 2023

Web3TrumpNFTOpenSeaLegalNew York

Policy

Svb financial group

Former NY Regulator: Crypto Isn't the Reason Why Signature Bank Was Closed

The bank did not provide reliable and consistent data, said Maria Vullo, a former superintendent of the New York State Department of Financial Services.

By Fran Velasquez

Mar 17, 2023 at 6:59 p.m. UTC

Mar 17, 2023

Svb financial groupSvbSignature BankCoinDesk TVMaria vulloNYDFSbankingNew York

NYDFS Superintendent Adrienne Harris in conversation with Chainalysis co-founder Jonathan Levin at Links 2022. (Cheyenne Ligon/CoinDesk)

Policy

Regulations

Signature Bank Shutdown Caused by 'Crisis of Confidence' in Leadership, NYDFS Says

The New York regulator pushed back against claims it shut down Signature because of crypto.

By Nikhilesh De

Mar 14, 2023 at 10:44 p.m. UTC

Mar 14, 2023

RegulationsNYDFSAdrienne HarrisSignature BankNew York

U.S. President Joe Biden (Chip Somodevilla/Getty Images)

Policy

Silicon valley bank

President Biden Calls for Stronger Bank Regulations in Wake of SVB, Signature Bank Collapses

The government on Sunday evening stepped in to guarantee no losses will be borne by the lenders' depositors.

By Nikhilesh De

Mar 13, 2023 at 3:18 p.m. UTC

Mar 13, 2023

Silicon Valley BankSignature BankbidenUSCongressbankingNew YorkRegulation

Policy

Regulations

Crypto-Friendly Signature Bank Shut Down by State Regulators

Signature said it intended to limit its crypto exposure last year.

By Nikhilesh De

Mar 12, 2023 at 10:25 p.m. UTC

Mar 12, 2023

RegulationsSignature BankNew Yorkbanking

Policy

Regulations

Illinois Officials Pushing State Crypto Licensing to Emulate New York’s BitLicense

New bills to set up a digital assets regulation in Illinois are supported by the local regulator, as states continue to surge ahead of U.S. agencies on cryptocurrency efforts.

By Jesse Hamilton

Feb 27, 2023 at 2:00 p.m. UTC

Feb 27, 2023

RegulationsState RegulatorsIllinoisNew YorkBitLicenseLegislation