Republic First Bank closed by US regulators — crypto community reacts
Republic First Bank’s 32 branches across the United States will reopen under Fulton Bank starting next week, according to the FDIC.
United States regulators have closed Philadelphia-based Republic First Bank, marking the nation’s first banking failure of 2024.
It has sparked debate among the crypto community amid Bitcoin (BTC), Ether (ETH), and several altcoins slightly faltering following the news.
“Another bank just collapsed, the Republic First Bank. Yeah… I think I’ll stick to Bitcoin,” CEO of Zesh Marius Martocsan stated in an April 26 post on X.
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Author: Ciaran Lyons
