Senators Avoid Secret Crypto Hearing as Political Divides Deepen

A current US Senate hearing on digital property regulation saw extremely low participation, and raised issues about growing partisanship in crypto policymaking.

The topic acquired restored seriousness after the collapse of 3 crypto-friendly banks– Silicon Valley Bank, Silvergate Bank, and Signature Bank– between March 10 and 12, 2023.

Federal Reserve Ends Assistance for Crypto Debanking Meanwhile, the US Federal Reserve announced a significant policy shift by directing its supervisors to stop considering “reputational danger” in the oversight of banks. The central bank likewise prepares to train its examiners appropriately and ensure the modification is consistently used throughout all banks it supervises.

The Federal Reserve revealed it will no longer consider “reputational risk” in bank oversight, which was a policy that was criticized for harming crypto business.

Trump Eyes Action Versus Crypto Debanking Regardless of the increasing political tensions, the Trump administration is supposedly considering providing an executive order to avoid banks from cutting off services to politically disfavored industries, including cryptocurrency firms. The topic got renewed urgency after the collapse of 3 crypto-friendly banks– Silicon Valley Bank, Silvergate Bank, and Signature Bank– between March 10 and 12, 2023.

Federal Reserve Ends Assistance for Crypto Debanking Meanwhile, the US Federal Reserve revealed a major policy shift by directing its supervisors to stop considering “reputational threat” in the oversight of banks. The main bank likewise plans to train its examiners accordingly and guarantee the modification is regularly used across all banks it monitors.