- A new investigation by the Chamber requires letters not expelled into cryptographic speaking probe.
- The president of the Fed Powell reserve said that “at least some” debannage complaints were real.
The Surveillance Committee of the Chamber is investigating if the Federal Deep Insurance Corporation of the Biden-Ere era has discouraged the banks to engage with cryptographic companies.
Legislators demand unpedled files after the new acting president of the FDIC, Travis Hill, acknowledged that the agency’s past approach had created a “general perception” that it was “closed for business”On the blockchain.
President James Comer requests access to FDIC documents previously expurgated linked to what is called “pause letters“, Which would have put pressure on the banks to stop the activities related to cryptography.
Comer’s investigation follows the recent admission of the president of the Federal Reserve Jerome Powell that cryptographic companies were probably uninformed.
Powell said: “At least a game is real. We have to understand it and prevent it from happening. »»
The investigation is also based on the concerns raised in a senatorial banking committee audience Last month, when the CEO of Digital Bank, Nathan McCauley, said that the founders of Crypto were almost universally faced with banking problems.
“I asked a room of 100 Crypto founders that had been uninformed, and each hand raised,” said McCauley.
Critics argue that Biden administration has embarked on a coordinated effort to cut the crypto of the financial system, often called “operation Strangulation point 2.0. »»
While regulators deny an inappropriate interference, cryptographic companies have accused the FDIC and other agencies to apply opaque restrictive policies.
Kyle Baird is the editor of the DL News weekend. Do you have a tip? Email to kbaird@dlnews.com.
