The Compound and Friends cover image

Ric Edelman Unplugged

The Compound and Friends

CHAPTER

The Failure of Signature Bank in the Crypto Market

John Gensler: It is a misnomer that the failure of signature bank was related to crypto What we saw with signature bank is that it had a new fashioned bank run in the outflow of deposits. Some of those deposit outflows were actually pre planned So that is the new york department of financial services super intended adrienne harris Who is refuting that? Crypto was involved but gensler is saying what you're saying which is interesting because you guys aren't necessarily on the same side of the issue.

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