The NYDFS's Clues About Signature Bank

New York Department of Financial Services Superintendent Adrian Harris said the theory that Signature Bank was shut down as part of Operation CHoke Point 2.0 is quote, ludicrous. Harris also pushed back on the idea more broadly that the industry was being debunked. New reporting from Bloomberg has revealed additional details of signature bank's crypto business including allegations that the bank facilitated access to US banking infrastructure for Tether. The article claims that Capitol Union Payments Network (CUNN) instructed clients to pay for stablecoins by sending dollars to its Bahamas-based banking partner signed up with CUNN. A local bank I have used for years told me they are no longer allowing Bitcoin transactions, on-ramp from my