US EditionTrump and Crypto Industry Team Up To Fight Biden's 'Debanking' War on Digital Asset Firms Trump and Crypto Industry Team Up To Fight Biden's 'Debanking' War on Digital Asset Firms - Bank of America (NYSE:BAC), JPMorgan Chase (NYSE:JPM)
- Crypto industry leaders, including Nathan McCauley, claim they are facing debanking practices under the Biden administration, which they call 'Operation Choke Point 2.0'.
- Donald Trump asserts that banks like JPMorgan Chase and Bank of America debank conservative-aligned clients under regulatory pressure, although banks deny these claims.
- McCauley testified that Anchorage Digital had to lay off 20% of its workforce after losing banking services, affecting smaller startups severely.
- The crypto industry, backed by Republican politicians, aims to combat these alleged debanking efforts through political influence and financial contributions.
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5 Articles
Trump and Crypto Industry Team Up To Fight Biden's 'Debanking' War on Digital Asset Firms Trump and Crypto Industry Team Up To Fight Biden's 'Debanking' War on Digital Asset Firms - Bank of America (NYSE:BAC), JPMorgan Chase (NYSE:JPM)
Crypto industry leaders are intensifying their fight against alleged debanking practices, which they claim have targeted digital asset firms under the Biden administration. At a recent Senate hearing, executives, including Nathan McCauley, CEO of Anchorage Digital, testified about their struggles. McCauley shared with CNBC in an interview how his company, after years of banking relationships, suddenly had its account cut off with no warning or e…
Crypto and Trump gang up on FDIC over debanking: ‘Our story is pretty ridiculous’ – DG Verifications & Stats
A US Postal Service worker outside a Signature Bank branch in the Brooklyn borough of New York, US, on Wednesday, March 15, 2023.Angus Mordant | Bloomberg | Getty Images Anchorage Digital CEO Nathan McCauley wants everyone to know what happened to his crypto company in 2023 during the Biden administration. “Our story is pretty ridiculous,” McCauley told CNBC in an interview after testifying at a Senate hearing, titled, “Investigating the Real Im…
Crypto, Trump, GOP leadershipo gang up on FDIC over debanking
A US Postal Service worker outside a Signature Bank branch in the Brooklyn borough of New York, US, on Wednesday, March 15, 2023. Angus Mordant | Bloomberg | Getty Images Anchorage Digital CEO Nathan McCauley wants everyone to know what happened to his crypto company in 2023 during the Biden administration. “Our story is pretty ridiculous,” McCauley told CNBC in an interview after testifying at a Senate hearing, titled, “Investigating the Real …
Crypto, Trump, GOP leadershipo be part of forces towards FDIC over debanking
A United States Postal Service worker outdoors a Signature Bank department within the Brooklyn district of New York, United States, on Wednesday, March 15, 2023. Angus Mordant|Bloomberg|Getty Images Anchorage Digital CHIEF EXECUTIVE OFFICER Nathan McCauley wishes everyone to acknowledge what happened to his crypto agency in 2023 all through the Biden administration. “Our story is pretty ridiculous,” McCauley knowledgeable CNBC in a gathering af…
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