‘Ludicrous’ to think Signature Bank’s collapse was connected to crypto, says NYDFS head By Cointelegraph

Adrienne Harris, superintendent of the New York Department of Financial Services, has reportedly said the closure of the crypto-friendly Signature Bank (OTC:) in March had nothing to do with exposure to digital assets.

According to an April 5 report in The Wall Street Journal, Harris made the remarks at the Chainalysis Links conference in New York City. She reportedly described the events leading up to the failure of Signature as a “new-fashioned bank run,” calling the idea that it had any relation to crypto exposure “ludicrous.”