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Bearishly Bullish

The Compound and Friends

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The DFS, the State of New York

The New York Department of Finance closed Signature Bank. The bank had $47 billion in assets and was considered a top-tier regulated bank. Barney Frank, who wrote some of the most important financial legislation in American history, has a conspiracy theory that signature bank was weighted and closed. "I speculate that using us as a poster child to quote, stay away from crypto was the reason there's an old French expression," he said.

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