Signature Bank seizure creates obstacles for crypto industry while promoting ‘unbanked’ innovations

Crypto market players expressed unease on Monday following the seizure over the weekend of Signature Bank, a crypto-friendly New York regional bank, just days after crypto-focused bank Silvergate Capital wound down its operations and U.S. regulators shuttered Silicon Valley Bank.
“Signature Bank’s closure serves as a one-two punch as worries mount over the vulnerability of any bank with exposure to the crypto industry,” Francesco Melpignano, CEO of Kadena Eco, told TechCrunch. “With only a small number of publicly traded banks having ties to the crypto space, many investors are scrambling to p

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