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Barney Frank actually said...

Barney Frank said that he believed that it was a war on crypto that motivated this--not a systemic risk of crypto.

Context

Frank claims the actions against Signature Bank were politically motivated, not due to systemic risk.

01/09/2024

https://congress.gov...

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The budget that we have been presented for the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) ...
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The lack of regulation of derivatives in various aspects contributed greatly to the financial crisis.
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View All Barney Frank Quotes

Barney  Frank
out of office

usa, Massachusetts

392 Quotes

PartyDemocratic

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