SENATOR LUMMIS REBUKES FORMER BANK EXECS FOR BLAMING DIGITAL ASSETS FOR RECENT BANK COLLAPSE
May 17, 2023
May 17, 2023
WASHINGTON, May 17 -- Sen. Cynthia M. Lummis, R-Wyoming, issued the following news release on May 16, 2023:
U.S. Senator Cynthia Lummis (R-WY) took Signature Bank's former Chairman & co-founder Scott Shay and former President Eric Howell to task during a Senate Committee on Banking, Housing and Urban Affairs hearing over their handling of the bank's collapse. Lummis questioned the former bank executives on why they tried to scapegoat digital assets for Signature Bank's collapse . . .
U.S. Senator Cynthia Lummis (R-WY) took Signature Bank's former Chairman & co-founder Scott Shay and former President Eric Howell to task during a Senate Committee on Banking, Housing and Urban Affairs hearing over their handling of the bank's collapse. Lummis questioned the former bank executives on why they tried to scapegoat digital assets for Signature Bank's collapse . . .