Senior U.S. Treasury Official: The cryptocurrency industry is not a direct factor leading to the bankruptcy of Signature and SVB

ChainCatcher news, U.S. Treasury senior official Nellie Liang told House lawmakers that the failures of Silicon Valley Bank (SVB) and Signature Bank should not be attributed to the crypto industry, "I don't think crypto played a direct role in these two failures."

Additionally, during the two-day congressional hearing, lawmakers showed little interest in crypto issues. Regulators and lawmakers were primarily concerned with problems in bank management, as well as potential regulatory failures by the Federal Reserve and FDIC. Discussions about potential new regulatory legislation focused on issues related to bank capital and liquidity buffers, rather than bills involving crypto regulation. (CoinDesk)