The decision to shut down Signature Bank at the weekend was not related to cryptocurrencies, a spokesperson of the New York State Department of Financial Services (NYDFS) told Reuters on Tuesday. The NYDFS said the lender had “a significant crisis of confidence in the bank’s leadership” and the closure was “based on the current status of the bank and its ability to do business in a safe and sound manner,” according to the report. The authority’s statement came after former congressman Barney Frank, a Signature Bank board member, told CNBC that the closure was related to “regulators wanted to send a very strong anti-crypto message.” (forkast)