The Federal Reserve requires Customers Bancorp to give 30 days' notice before entering into any new banking relationship with crypto companies

According to the content of the 13-page enforcement action document filed by the Federal Reserve against Customers Bancorp, the agency requires 30 days' notice before any new banking relationship with the crypto company, which has caused dissatisfaction in the crypto community. Gemini co-founder Tyler Winklevoss said that Customers Bancorp is one of the few banks in the United States that is friendly to cryptocurrencies, and the Federal Reserve is now controlling the access of cryptocurrency companies to banking services, essentially deciding who can and cannot open bank accounts, thus limiting the ability of crypto banks to operate.