Barney Frank, a former member of the US House of Representatives and board member of Signature Bank, has blamed some members of the public for the bank's collapse. Speaking at a New York State Senate hearing, Frank claimed that the bank's dealings with crypto were safe before regulators intervened. He suggested that the bank acted as a facilitator for crypto rather than investing directly in digital assets and that some members of the public failed to understand this. The hearing was one of the first at state level to explore the failure of the crypto-friendly bank.