U.S. Senator: Regulators Improperly Push Banks to Avoid Serving Crypto Companies

In a letter directed to Acting FDIC Director Martin Gruenberg, Senator Toomey wrote that he had heard from "affected parties" and whistleblower communications which claimed that the federal bank regulator had tried to "deter banks from doing business with lawful cryptocurrency-related companies," even though providing services to these companies is not illegal.
Source

Policy and Regulation

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