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House Committee Investigates Federal Pressure on Banks to Drop Crypto Clients

House Committee Investigates Federal Pressure on Banks to Drop Crypto Clients

Published:
2025-06-28 12:01:02
18
2
BTCCSquare news:

Mounting political scrutiny is targeting federal regulators amid explosive allegations that major banks were pressured to cut ties with lawful crypto businesses under shifting oversight rules. Lawmakers are probing whether federal agencies indirectly orchestrated efforts to freeze out digital asset firms, raising concerns about regulatory overreach in the burgeoning sector.

The investigation highlights growing tensions between Washington and the crypto industry as policymakers grapple with how to oversee decentralized finance. Banking institutions appear caught in the crossfire, facing conflicting signals from regulators and lawmakers on how to engage with blockchain-based enterprises.

|Square

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