US President Donald Trump is reportedly preparing to sign an executive order aimed at curbing discrimination against the crypto industry by US banks, the Wall Street Journal reported on Aug. 4. According to sources familiar with the matter, the order would introduce fines for banks that block transactions involving crypto companies. This measure would address […]
The post Trump considers executive order to penalize banks blocking crypto companies appeared first on CryptoSlate.
Coinbase has filed a legal objection to the Federal Deposit Insurance Corporation’s (FDIC) latest attempt to delay the release of key documents related to the alleged debanking of crypto firms. On April 10, the exchange opposed the FDIC’s request for a 16-day extension in response to a Freedom of Information Act (FOIA) lawsuit. Paul Grewal, […]
The post Coinbase accuses FDIC of stalling crypto debanking document release appeared first on CryptoSlate.
During a press conference last month, Powell said banks can serve crypto customers as long as they can manage the risk.
U.S. lawmakers were divided during a congressional hearing focused on crypto debanking, revealing scars from FTX and concerns over why the industry was cut off from the bank sector.
"I don't think for a second that you should be locked out of our banking system," said Senator Elizabeth Warren, a noted crypto critic.
Coinbase said it wants three top federal banking agencies to take certain steps to end alleged debanking in the crypto industry.
Banks will limit their crypto exposure as long as anti-money laundering risks are at play, according to investment bank TD Cowen.
A U.S. House committee says it is investigating alleged debanking in the crypto industry, according to a recently published letter.