Senator asks FDIC about allegations it discourages bank relations with crypto companies
Cointelegraph
Published Aug 17, 2022 05:56PM ET
Updated Aug 17, 2022 07:40PM ET
Pat Toomey, ranking member of the United States Senate Banking Committee, has sent a letter to Federal Deposit Insurance Corporation (FDIC) director and acting chairman Martin Gruenberg informing him of allegations made by a whistleblower concerning FDIC activities. The senator suspects the FDIC “may be improperly taking action to deter banks from doing business with lawful cryptocurrency-related (crypto-related) companies.”
Toomey wrote that there is corroboration of whistleblower allegations that “personnel in the FDIC’s Washington, D.C. headquarters are urging FDIC regional offices to send letters to multiple banks requesting that they refrain from expanding relationships with crypto-related companies, without providing any legal basis for sending such letters.”
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Written By: Cointelegraph
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