The US Senate Banking Committee held a hearing on Wednesday, February 5, 2025, to investigate the issue of debanking relates to crypto-related businesses

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The US Senate Banking Committee held a hearing on Wednesday, February 5, 2025, to investigate the issue of debanking relates to crypto-related businesses

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12:00am, Wednesday, February 5, 2025

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The US Senate Banking Committee will hold a hearing today at 10:00 AM ET to investigate allegations of “debanking,” where businesses and individuals are denied financial services due to perceived risks or biases. The hearing, chaired by Republican Senator Tim Scott, will examine claims across various sectors, including the crypto industry
The US Senate Banking Committee held a hearing on Wednesday on an issue that’s become a hot potato over the past few months: debanking, especially as it relates to crypto-tied business and individuals

Related people

Travis Hill
Brian Armstrong
Elizabeth Warren

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Consumer Financial Protection Bureau (CFPB)
Federal Deposit Insurance Corporation (FDIC)

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Policy & regulations

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Featured

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Crypto news

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Summary

Crypto news

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