U.S. lawmakers urge the Federal Deposit Insurance Corporation (FDIC) to implement clearer regulations on digital assets

Crypto 7x24

2025-02-22 16:18:53

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Online reports, News.bitcoin reports that House Financial Services Committee Chairman French Hill and Representatives Dan Meuser, Andy Barr and Bryan Steil have urged the Federal Deposit Insurance Corporation (FDIC) to implement clearer regulations on digital assets. In a letter to FDIC Acting Chairman Travis Hill, lawmakers expressed concern about federal regulators forcing banks to refuse to provide services to cryptocurrency-related companies, a practice known as "banning bank accounts."

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