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The Phenomenon of "de -banking" in the U.S. House of Representatives investigating the encryption industry
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5 hours ago 3,015
Golden Finance reported that the U.S. House of Representatives and the Government Reform Commission are investigating the so -called "de -banking" phenomenon of the encryption industry. The committee wrote a letter of CEO of Uniswap Labs CEO Hayden Adams, Coinbase CEO Brian Armstrong, and Kraken CEO David Ripley and other crypto companies, asking them to explain the experience of "de -banking". The chairman of the committee James Comer (Republican-Kentucky) said in a letter: "The Committee hopes to understand whether the phenomenon of this 'de-banking' stems from the financial institution itself or the government's behavior." The committee's letter marks the latest measures for legislators to crack down on bank decentralization. The legislators, including the Chairman of the House Financial Services Committee Flunch Hill, have vowed to investigate the bank's decentralization issue and say that his committee will take a "tough position".
Keywords: Bitcoin
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