FDIC chair Gruenberg lied at least twice in his testimony to Congress today: 1. says SigNet IP has already been sold (false, & they are blocking the sale to interested parties) 2. denies that FDIC supervision is more onerous for banks that service digital asset clients (false)
114
483
1K
294K
45
Download Video
@nic__carter they don't really have IP to sell anyway...Signature used a 3rd party provider for the Signet platform...
@Marketwhaat Right, it was built by Tassat, and the real value is in the actual network, which can't exist now due to the FDIC's prohibitions, but it's regardless really odd that Gruenberg dithered on the fate of SigNet like that