The Board of Directors of the Federal Insurance Corporation is scheduled to discuss the proposed rules that may affect encryption companies amid allegations of Debanking.
In Thursday notice, FDIC He said Its council will consider a notice of proposing rules “with regard to the ban on the use of reputation risks by the organizers.” Although the agenda has not explicitly indicated that Debanning’s concerns are linked to digital assets, the DEBIC Travis Hill Chair has been criticized by organizers to use “reputation risks” as a justification to prevent some banks from engaging in encryption activities, such as allowing customers to send money to exchanges.
https://www.youtube.com/watch?
US President Donald Trump user The term in an executive order in August “guarantees free banking services”, claiming that the presence of organizers access to the risk of reputation can lead to “politicized or illegal or illegal”. It did not do it specifically Male Digital assets.
Before Trump took office and signed the executive order, many in the encryption industry claimed that they were deprived of access to American banking services as part of a batch by the authorities because of its relations with digital assets.
December General Court documents showed as part of the Freedom of Information Law with FDIC that the regulator asked some institutions to “stop all activity related to encryption assets” in 2022.
Related to: Crypto Debanking “still happens” where banks are committed to CokePoint Policies
The alleged measures, called “Operation ConckPoint 2.0”, became the issue of Trump’s campaign and many Republicans during the 2024 elections. After Trump won the presidential elections and Ain Hill, the Acting FDIC chair He said The organizer will be “reassessing (her supervisory approach) to encryption activities.”
Cointelegraph has arrived at FDIC to comment but did not receive a response at the time of publication.
The US government’s continuous closure under Trump’s leadership
On Tuesday, in the middle of the night, the United States government closed after legislators failed to pass a draft law that extends a financing until October 1.
While the closure has greatly reduced the operations in American financial organizations, such as the Securities and Stock Exchanges Trading Committee and the Future Trading Committee for commodities He said It will remain “open and operational” regardless of the time the political battle takes.
magazine: Hong Kong is not the vulnerability of Chinese encryption companies
The post FDIC Set to Discuss Rule That May Shape Banks’ Crypto Relationships first appeared on Investorempires.com.
