Pat Toomey: Here's what can be done about debanking, the un-American abuse of power by regulators

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Pat Toomey: Here's what can be done about debanking, the un-American abuse of power by regulators

Debanking. It’s been all the talk of Washington lately. President Donald Trump last month accused some big banks of engaging in politically motivated debanking. Venture capitalist and tech entrepreneur Marc Andreessen described the debanking inflicted on the crypto industry during a recent Joe Rogan podcast. And this week, both chambers of Congress held hearings investigating the matter. The issue merits the attention it’s getting. As a former r…

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"Debanking" Excites the Easily Alarmed, But That's the Point

Daria Solovieva, Salon Republicans held congressional hearings on crypto industry claims that traditional banks won't serve them.

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Fed chair Powell agrees to help end crypto debanking

Federal Reserve chair Jerome Powell told the U.S. Senate that regulators should” take a fresh look” at the crypto debanking debacle.

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Fed Chair Powell Breaks Silence on Debanking Concerns

Federal Reserve Chair Jerome Powell has acknowledged some concerns about systematic debanking

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It’s a Jerome Powell who doesn’t have great news on the cylinder. Squita Markets: that’s why. Well first? American markets continue in a nervous session while Jerome Powell answers questions, really quite trivial that also refers to monetary policy. It’s one of two events that keeps markets in apprehension [...] The Bitcoin and Crypto Scacchi entry after Jerome Powell’s speech: Discover what he said in the markets! was first published in The Cry…

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Just In: Jerome Powell Agrees to Work with Lawmakers to Address Crypto Debanking - Coin Surges

The post Just In: Jerome Powell Agrees to Work with Lawmakers to Address Crypto Debanking appeared first on Coinpedia Fintech News In a bold move, Federal Reserve Chair Jerome Powell has called for a “fresh look” at debanking, following criticism that the crypto industry is being denied access to banking services. During a Senate Banking Committee hearing on Tuesday, Tim Scott, the committee’s Chair, asked Jerome Powell if he would work together…