For his part, Barney, who helped draft the landmark Dodd-Frank Act after the 2008 financial crisis, said there was “no real objective reason” that Signature had to be seized.
“I think part of what happened was that regulators wanted to send a very strong anti-crypto message,” Frank said. “We became the poster boy because there was no insolvency based on the fundamentals.”
https://www.cnbc.com/2023/03/13/signature-bank-third-biggest-bank-failure-in-us-history.html