GAO News

A report from the FDIC has revealed that poor management was the primary cause of Signature Bank's failure, uncovering the key factor responsible for the bank's downfall.

According to Michael Clements, the U.S. Government Accountability Office (GAO) is reviewing "large deposits from the digital asset space" to determine if cryptocurrency played a role in Signature Bank's collapse.

The United States Government Accountability Office (GAO), is blaming crypto ATMs for the increased use of digital currencies to facilitate the global human and drug trafficking trade. In a report released on Monday, the agency suggested that crypto ATMs were…