US lawmakers are urging the Federal Deposit Insurance Corporation (FDIC) to implement clearer regulations on digital assets
2025-02-22 07:25:41
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According to News.bitcoin, House Financial Services Committee Chairperson French Hill and Representatives Dan Meuser, Andy Barr, and Bryan Steil have urged the Federal Deposit Insurance Corporation (FDIC) to implement clearer regulations on digital assets. In a letter to FDIC Acting Chairperson Travis Hill, lawmakers expressed concern about federal regulators forcing banks to deny services to cryptocurrency-related businesses, a practice known as "banning bank accounts."
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