US Lobbying Group Holds Accounts From FED, FDIC, OCC for Crypto Companies

The US crypto lobbying group, Blockchain Association, has asked for an account about crypto-friendly banks that have been closed to authorized institutions, especially the US Federal Insurance Agency (FDIC), which has been on the agenda recently.

Blockchain Association March 16 Within the scope of the freedom of information law, with the press release published on the official website on US Federal Reserve (FED), Federal Insurance Corporation (FDIC) And To the Office of the Control of Money (OCC) of three crypto-friendly banks that were recently shut down in failure of regulators responsibility And closure cases rising above claims about more information reported the request.

Lobbying group, crypto friendly Silicon Valley Bank, Signature Bank And Silvergate Bankin the collapse of unsuitable may have been effective institutions He said they were investigating.

In addition, after the failure of banks, traditional financial sector protect your reputation within the scope of crypto money companies in banks prevent opening new accounts, closing existing accounts traditional financial system such as will be excluded that measures will be taken investigating the speculations and stated that he requested detailed information on this subject.

Blockchain Association CEO Kristin Smiththe cryptocurrency industry in the USA tens of thousands provides job opportunities to people and that these businesses to its employees, to business partners And to the government opposite financial responsibilities to fulfill to the banking system expressed the need. Smith, crypto companies with other legitimate businesses in the same status and, accordingly, before the law should be treated also added.

source site-9