George Glenberg, the boss of the American deposit car insurance company, has said the agency plans to return about $4 billion in deposits related to Signature Bank's digital asset credit business by early April.

On March 29, the Financial Information Services Federation of the House of Representatives held a hearing to discuss the response of federal regulators to the recent bank failures. At the hearing, Glenberg said deposits not included in the bidding of a family of community banks in New York City would be returned for signature by the beginning of next week. There are 4 billion dollars in deposits related to digital assets, and it has been reported that if depositors do not transfer funds, FDIC will close all accounts that do not belong to NYCB transaction data encryption by April 5.

According to Gruenberg, Signature's payment system Signet-, along with digital asset deposits, was not included in the NYCB auction-it began marketing to potential customers. FDIC, along with the New York City financial regulator, shut down the password-friendly financial institution on March 12 because the US economy was at risk after the failures of Silicon Valley and Silvergate.

Nellie Liang, the US Treasury secretary responsible for China's financial affairs, said she did not feel that cryptography played a direct role in the bankruptcy of Signature or Silicon Valley banks.

"I understand that Signature is involved in digital asset activity, but I don't think that's the key."

The March 29 hearing meant that Liang, Glenberg and Michael Eric, deputy secretary of the Federal Reserve Conference Control, addressed lawmakers for the second time after the collapse of the three major US banks. The Federation of Financial institutions of the House of Lords held a hearing on March 28th, at which Gruenberg pointed out that the bank's financial institutions did not have adequate management methods that led to the risk of bankruptcy.

While some congressmen and regulators seem to elaborate on the relationship between banks and digital asset companies, many accuse the study of being worthless. Myers Donald, a former House of Representatives lawmaker and signed supervisory board member, has said officials expect a "strong anti-encryption message", claiming that the insurance company has no capital adequacy problem after closure.

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