Congressional and House investigations in February 2025 highlighted concerns about crypto debanking, as industry representatives testified about their struggles to access banking services

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Congressional and House investigations in February 2025 highlighted concerns about crypto debanking, as industry representatives testified about their struggles to access banking services

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12:00am, Saturday, February 1, 2025

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Both chambers of Congress have now launched probes into the issue. Lawmakers in the Senate and House of Representatives held hearings on crypto debanking last week, where even crypto-skeptic legislators like Senator Elizabeth Warren called for further scrutiny of the concerns raised by digital asset platforms.
Meanwhile, crypto firms say they face challenges when looking to establish and maintain accounts in the U.S. Coinbase took a step further and sued the Federal Deposit Insurance Corporation last year, through consultant firm History Associates, accusing the agency of trying to cut off the crypto industry from the banking sector

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Crypto news

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