News with the tag "DeBank"

Australia is stepping into the future of finance with a bold stride, unveiling a new regulatory framework for cryptocurrencies. This isn’t just another update; it’s a significant overhaul designed to inject confidence and stability into the burgeoning digital asset market. Are you ready to understan...

Is your crypto startup facing unexpected shutdowns from traditional banks? You’re not alone. A wave of ‘de-banking’ has hit the cryptocurrency world, leaving many businesses stranded and unable to access essential financial services. But now, a powerful move from U.S. Senator Tim Scott is offering a...

A high-profile CEO in the crypto space reportedly says that an American bank suddenly decided to shut the company out from banking services, supporting previous rumors of “de-banking” in the digital asset industry. Anchorage Digital CEO Nathan McCauley says that a bank – who is yet to be named – ess...

The House Oversight Committee is investigating claims that banks are shutting out crypto firms and individuals, citing political bias and regulatory overreach as key concerns. House Committee Investigates Whether Banks Are Quietly Crushing Crypto Firms The House Committee on Oversight and Government...

The United States House Committee on Oversight and Government Reform is launching a probe into allegations that US banks were de-banking prominent members of the crypto industry. In a letter addressed to Uniswap Labs CEO Hayden Adams, Andreessen Horowitz partner Marc Andreessen, Coinbase CEO Brian A...

"You must ensure your staff cease and desist destruction of all materials and end retaliatory actions immediately," Lummis wrote.

The comments were part of a speech on Friday titled “Charting a New Course.” Did the FDIC Just Confess to Crypto Debanking? Federal Depositary Insurance Corporation (FDIC) Vice Chairman Travis Hill delivered a speech on Friday condemning the agency’s “Choke Point-like tactics” and urging the organiz...

The vice chairman of the Federal Deposit Insurance Corporation says the regulator needs a “new direction” – and that he expects it to begin later this month. In a new speech , Vice Chairman Travis Hill acknowledges that the FDIC sent “pause” letters to over 20 banks, asking them to stop doing busine...

Barr has served as the Fed’s vice chair for supervision since July 2022 and was widely regarded as one of the chief architects of Operation Choke Point 2.0, an alleged government effort to undermine the crypto industry. Fed Board Member Michael Barr Steps Down From Supervision Role Michael Barr, Fed...

Coinbase’s Chief Legal Officer issued a rallying cry to the industry, demanding answers after the survey results were published. Operation Chokepoint 2.0 Targets Crypto Hedge Funds Three quarters of 160 crypto hedge funds polled, reported difficulty accessing banking services according to a recent s...