Jesse Hamilton is CoinDesk's deputy managing editor for global policy and regulation. He doesn't hold any crypto.
Ripple CEO Brad Garlinghouse has personally been severed from a longtime banking relationship because he's a prominent figure in crypto, he told an audience in Washington on Wednesday.Garlinghouse tied his own experience to the wider trend in the U.S. industry that's struggled to maintain banking ties as
"They said, 'You have five days to move your money," he said."They were actually super honest. They're like, 'Look, you are a notable person in crypto, and having notable people in crypto, and banking the crypto industry means more scrutiny from federal regulators." The primary indicator of the next administration's crypto stance will be who the president appoints at agencies such as the SEC, Treasury, OCC and Commodity Futures Trading Commission.
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