Congress Probes FDIC's Crypto Banking Restrictions in Major Regulatory Investigation
House Oversight Committee demands unredacted documents from FDIC regarding alleged suppression of cryptocurrency businesses through banking restrictions. Chairman James Comer leads investigation into potential regulatory overreach that may have unfairly targeted the crypto sector and pushed innovation overseas.
Crypto Banking Stagnation: Custodia CEO Criticizes US Government Inaction Under Trump
Custodia Bank CEO Caitlin Long criticizes the lack of progress in crypto banking regulation since Trump's return, highlighting continued restrictions and regulatory resistance. Her ETHDenver speech emphasized the need for leadership changes and stronger consumer protections in the evolving digital asset landscape.
FDIC Releases Internal Documents Exposing Controversial Crypto Banking Restrictions
Federal regulators release 175 internal documents revealing systematic efforts to restrict banks from offering cryptocurrency services in 2022, dubbed 'Operation Chokepoint 2.0.' The disclosure prompts policy reversal as FDIC now plans to allow banks to manage crypto assets without prior approval.
Trump's New Crypto Czar Heralds Digital Asset 'Golden Age' with Regulatory Overhaul
David Sacks, Trump's newly appointed cryptocurrency czar, announces plans for comprehensive digital asset regulation reform aimed at fostering innovation while maintaining U.S. market leadership. The initiative includes establishing clear federal frameworks for cryptocurrencies and stablecoins through a dedicated regulatory working group.
Banking Documents Expose Federal Pressure to Cut Crypto Services, Coinbase Legal Chief Reveals
Coinbase CLO Paul Grewal unveils FOIA documents showing how U.S. regulators actively pressured banks to terminate services to crypto businesses, confirming 'Operation Chokepoint 2.0'. The revelations highlight systematic efforts to restrict banking access for crypto companies despite their legal compliance.