Lessons Learned from Silicon Valley Bank's Collapse and Crypto Divestment

The Federal Deposit Insurance Corporation (FDIC) has denied reports that any purchaser of Signature Bank would be required to divest its crypto activities. The FDIC spokesperson clarified that the acquirer would decide the conditions of their bid and what assets and liabilities from the failed bank it is willing to take. Signature Bank was seized by the New York Department of Financial Services and turned over to the FDIC, which is now looking to auction it and Silicon Valley Bank, possibly by the end of this week.