
A Real-Time History of the Crypto Banking Crisis, With Austin Campbell
The Breakdown
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SVB and Signature Bank - Is That a Precondition for a Sale?
Reuters reports that as they are looking for suitors for SVB and signature, one of the preconditions for a sale of signature bank is to basically disavow the crypto part of the business. If their honest view is that there's no way to do safe and sound banking activities facing companies that touch a public blockchain, then you're going to have to shut down signet. And if it turns out to be the case that they're going to require signet to be shut down as part of a purchase, or just kind of theoretically, maybe would think about approving it,.
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