Four United States Republican senators lead by Bill Hagerty have written a letter to the heads of federal banking regulatory agencies questioning the ideological motivation behind recent regulatory moves in regard to cryptocurrency. They compared the regulators’ policies to the Obama administration’s Operation Choke Point.
Federal Reserve Board chair Jerome Powell, Federal Deposit Insurance Corporation chair Marty Gruenberg, and Office of the Comptroller of the Currency acting comptroller Michael Hsu. The March 9 letter said that their agencies, along with the White House, have issued statements on heightened supervision that have resulted in unfortunate consequences for the cryptocurrency sector, such as the closing of crypto firms’ bank accounts.
0xbeaconglobal and 0xbeaconglobal
Regulatory agencies’ respone: shut down the third crypto friendly bank, Signature Bank
Great, this witch hunt by the The Federal banking regulatory agencies have to stop.
So some of them are on our side, huh?😱
Just listed a new NFT
GOP has very smart members and they care about people. 🙏