According to ChainCatcher, the U.S. Federal Deposit Insurance Corporation (FDIC) denied Reuters' report that it would require the buyer of Signature Bank to divest its crypto business.

It is reported that yesterday, Reuters quoted sources as saying that the US Federal Deposit Insurance Corporation has asked banks interested in acquiring Silicon Valley Bank and Signature Bank to submit bids before March 17. Sources said that the FDIC hired investment bank Piper Sandler Companies to conduct the auction. Only bidders with existing banking licenses can study the bank's financial situation before submitting a bid, and any buyer of Signature must agree to abandon all of the bank's crypto businesses. (CoinDesk)