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Powell Calls for "Re-Examination" of Debanking, Responding to Crypto Industry Concerns
The Federal Reserve's Powell said it was time to "revisit" the issue of debanking, following criticism that the crypto industry was being excluded from banking services. At a Senate Banking Committee hearing on Tuesday, the committee's chairperson, Tim Scott (R-S.C.), asked Powell if he would be willing to work with him to ensure that financial regulations do not "impose unnecessary burdens." Powell...
2025-02-11 16:46:08
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