CryptoNews: The US House Financial Services Committee's Republican members are requesting transparency concerning the debanking of several cryptocurrency businesses. 👀
US Republicans on Financial Services Committee Seeks Transparency on Crypto Debanks The lawmakers have sent a letter to the Acting Comptroller of the Currency, stating that they are seeking documents and information that could demonstrate whether there has been regulatory pressure to debank these companies.
This move comes in response to concerns that the debanking of certain crypto businesses could be due to government pressure, ultimately hindering innovation in the rapidly growing industry. The letter calls for any communication or records relating to crypto debanking actions that the Office of the Comptroller of the Currency may have in its possession, including any potential guidance or directions given to financial institutions.
The House Financial Services Committee's Republican members are urging for a thorough investigation in order to preserve the principles of a free market and to prevent unjust interference with the cryptocurrency industry. The lawmakers argue that fostering innovation and supporting the growth of the US financial technology sector is crucial for maintaining the country's position as a global leader in the financial arena.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
US House Financial Committee Republicans look for records to show crypto debankingU.S. House of Representatives Financial Services Committee Republicans sent letters to banking regulators demanding information on policies concerning the digital asset industry.
Read more »
FIS stock rallies after earnings beatFidelity National Information Services Inc.’s stock was ticking 4% higher in Thursday’s premarket action after the financial-services company topped earnings...
Read more »
Chief Justice Roberts declines to testify about ethics before Senate Judiciary CommitteeChief Justice John Roberts has declined an invitation from Senate Judiciary Committee chairman Dick Durbin to testify about ethics rules governing the Supreme Court.
Read more »
Biden's Labor nominee Julie Su advances out of committee in party-line voteThe Senate HELP Committee advanced Deputy Labor Secretary Julie Su's nomination to lead the Labor Department in a party-line vote with all Republicans opposed.
Read more »
Pa. House committee approves four gun bills on party-line votesA set of bills that would tighten the state's gun laws will go to a vote before the full House, the most significant movement on firearms legislation in several years.
Read more »
Ron DeSantis to launch 2024 presidential exploratory committee next month: ReportRepublican Florida Gov. Ron DeSantis is expected to launch a 2024 presidential exploratory committee next month, according to a report by NBC News.
Read more »