U.S. Senate’s Banking Chair Pushes Debanking Bill After Crypto Uproar
Senator Tim Scott, the chief of the banking committee, is backing a bill to stop U.S. regulators from citing “reputational risk” as a reason to block clients.
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Senator Tim Scott, the chief of the banking committee, is backing a bill to stop U.S. regulators from citing “reputational risk” as a reason to block clients.
In a hearing with the loaded title “A Golden Age of Digital Assets,” the sector was — for the first time — mostly treated as a welcome arrival to U.S. finance.
David Sacks and the leaders of the congressional committees that will handle crypto legislation outlined their plans at a press conference.
Despite the rapidly evolving relationship between traditional finance and cryptocurrency, significant changes are not just based on market dynamics, but also political factors, says Lucas Schweiger.