Highlights
On Friday Congressman James Comer sent a letter to several crypto-linked firms asking them about their experience with debanking. He wrote as Chair of the House Committee on Oversight and Government Reform, the same committee that investigated Operation Choke Point under the Obama administration, in which dis-favored industries struggled with bank accounts.
One of the goals is to establish the extent to which the authorities are responsible versus the banks themselves. That aspect will inevitably provide nuanced results. Ironically, it is this debanking behavior that has encouraged the adoption of crypto by some, though the sector is becoming subject to similar rules.
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