US regulator is ‘wrongly’ forcing banks to avoid servicing crypto companies, lawmaker says

“According to whistleblowers we have confirmed, staff at FDIC headquarters in Washington, D.C. are urging FDIC regional offices to send letters urging them to refrain from expanding relationships with cryptocurrency-related companies. letters,” Toomey wrote. “… As I understand it, in one or more of these cases, the bank planned to give customers access to the crypto-related company’s trading platform through the bank’s mobile or internet banking app.”