News By  Gagarin News
Normal +2 81 16 Mar 2023
Normal +2

Hidden Ban for American Crypto Companies

By  Gagarin News 81 16 Mar 2023
Photo - Hidden Ban for American Crypto Companies

Blockchain Association, one of the largest crypto-lobbying groups in the US, has requested documents related to possible "debanking" of crypto projects. The Association began its investigation following the recent collapse of Signature Bank, Silicon Valley Bank, and Silvergate, which had close ties to the crypto industry.

The Blockchain Association is also extremely concerned that some banks are closing cryptocurrency company accounts without warning or explanation.

"This alarming trend suggests that regulators are trying to completely exclude cryptocurrency from the banking system," said Jake Chervinsky, Chief Political Director of the Association.