Crypto’s Debanking Worries Hit Another Big Stage in U.S. House
The industry’s U.S. banking crisis may be retreating as a second congressional committee sheds light on how crypto businesses have been treated by regulators.
Binary trading platforms with better performance and payouts
Federal Deposit Insurance Corporation
The industry’s U.S. banking crisis may be retreating as a second congressional committee sheds light on how crypto businesses have been treated by regulators.
FDIC Acting Chairman Travis Hill said the agency is overhauling its crypto approach, just as U.S. senators examined regulators keeping banks out of crypto.
Senator Cynthia Lummis, set to lead the Senate Banking Committee’s digital assets panel, went after the sale of U.S. bitcoin holdings and FDIC debanking.
FDIC Vice Chairman Travis Hill is set to become acting chairman at the start of the next administration, and he’s critical of the FDIC’s digital assets stance.
Coinbase’s Paul Grewal says this is hard evidence proving the industry hasn’t been spouting conspiracy theories about being shoved out of U.S. banking.
A research firm Coinbase contracted is suing the U.S. Securities and Exchange Commission (SEC) and a federal banking agency, accusing them on Thursday of failing to produce documents under open-records laws that would shed light on the regulators’ views on cryptocurrencies.