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FDIC plans to return $4B in Signature crypto deposits 'by early next week' — Martin GruenbergThe Treasury Department's Under Secretary for Domestic Finance Nellie Liang said at the same hearing she didn’t believe crypto “played a direct role” in the failure of the banks.

The U.S. House Financial Services Committee met on March 29 to explore federal regulators' responses to the failures of Silicon Valley Bank and Signature Bank.