BREAKDOWN: Does Crypto Have a Banking Problem?

Signature Bank is pulling back services to Binance and other major crypto firms. 

On today’s episode, NLW breaks down the latest news from the weekend, including:

Signature Bank limiting services, and what it means for the industry as a wholeU.S. government seizing $700 million of assets associated with Sam Bankman-Fried Genesis first-day bankruptcy hearing information 

(Genesis and CoinDesk are both subsidiaries of Digital Currency Group.)

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Join the most important conversation in crypto and Web3 at Consensus 2023, happening April 26–28 in Austin, Texas. Come and immerse yourself in all that Web3, crypto, blockchain and the metaverse have to offer. Use code BREAKDOWN to get 15% off your pass. Visit consensus.coindesk.com.

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“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell and research by Scott Hill. Jared Schwartz is our executive producer and our theme music is “Countdown” by Neon Beach. Music behind our sponsor today is “Swoon” by Falls. Image credit: Craig Hastings/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

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