The Federal Deposit Insurance Corporation (FDIC) is seeking a buyer for Signet, a digital asset custody platform, and plans to return Signature Bank's crypto deposits next week. The move is part of the FDIC's broader efforts to regulate the cryptocurrency industry and promote greater transparency and security in the market.

The sale of Signet could provide a significant boost to the cryptocurrency industry, by helping to promote greater adoption and usage of digital assets among businesses and individuals. Signet is designed to provide secure and reliable custody services for digital assets, and is increasingly being used by businesses and individuals for a wide range of financial services and applications.

The FDIC's efforts to regulate the cryptocurrency industry are a positive development for the market, as they help to promote greater transparency and accountability among businesses and investors. The FDIC is working to develop effective and efficient regulatory frameworks for the cryptocurrency industry, which could provide greater clarity and certainty for businesses and investors operating in the market.

(by Sarah Wynn)