The Blockchain Association wants more information on the closure of the crypto-friendly Signature Bank by U.S. regulators last month.
More Freedom of Information Act requests seeking information on recently closed crypto-friendly banks have been submitted by cryptocurrency advocacy group the Blockchain Association to two regulators.that in addition to the FOIA requests, it has also filed Freedom of Information Law requests to the Federal Housing Finance Agency and the New York Department of Financial Services .and the failure of Silvergate Bank.
The Association also reported that it was investigating whether the failure of Silvergate “was the result of a politically-motivated decision by the Federal Home Loan Bank of San Francisco, which is overseen by the FHFA, to take the extraordinary and unusual action of pulling a loan made to Silvergate only months earlier.”
1/ Following last month's FOIA requests to investigate the possible de-banking of crypto firms, today, BA submitted additional public information requests to the FHFA and NYDFS.
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