FDIC Refutes Claims of Cryptocurrency-Related Requirements for Signature Bank Acquisition

In response to a recent Reuters report, the Federal Deposit Insurance Corporation has refuted claims that any potential acquirer of Signature Bank would be compelled to relinquish its cryptocurrency-related operations. Two anonymous sources cited in the report had suggested that such a requirement would be mandatory for the approval of any acquisition of Signature Bank. However, an FDIC representative has clarified to Reuters that this assertion is unsubstantiated.