# UNDER SECRETARY OF THE US TREASURY DEPARTMENT – THE ENCRYPTION INDUSTRY NOT RESPONSIBLE FOR RUNS ON SILICON VALLEY BANK AND SIGNATURE BANK## Introduction* Background information
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UNDER SECRETARY OF THE US TREASURY DEPARTMENT – THE ENCRYPTION INDUSTRY NOT RESPONSIBLE FOR RUNS ON SILICON VALLEY BANK AND SIGNATURE BANK
According to reports, Nellie Liang, the Under Secretary for Domestic Financial Affairs of the US Treasury Department, said that the encryption industry should n