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US Senator: FDIC is preventing banks from doing business with cryptocurrency companies



Time:8/17/2022 12:31:02 PM

[US Senator: FDIC is preventing banks from doing business with cryptocurrency companies] Golden Finance reported that US Senator Pat Toomey said on Tuesday that the US Federal Deposit Insurance Corporation (FDIC) may be approaching banks to prevent them from providing cryptocurrency companies with Serve. In a letter to FDIC Acting Chairman Martin Gruenberg, Toomey said he has learned from communications from "affected parties" and whistleblowers that the federal banking regulator seeks to "prevent banks from engaging with legitimate cryptocurrency-related firms." conduct business," although it is not illegal to provide services to these companies.

Toomey asked the regulator to confirm whether any FDIC officials actually asked banks not to do business with cryptocurrency companies, and if so, explain why.

The FDIC said in a statement that the FDIC's actions are consistent with its long-standing legal mandate to ensure that banks engaged in cryptocurrency-related activities protect consumers in a safe and sound manner. (CoinDesk)

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