"U.S. Oversight Committee Investigating Inappropriate Bank Account Closures in Cryptocurrency and Other Sectors"
Summary
- The U.S. Oversight and Government Reform Committee announced that it is investigating allegations of inappropriate bank account closures for participants in cryptocurrency.
- The committee is assessing operational damages from bank account closures and examining whether these are independent decisions by financial institutions.
- Opinions from cryptocurrency industry figures are included as risk factors, and Coinbase CEO has publicly commented on the situation.
According to Forbes on the 24th (local time), the U.S. Oversight and Government Reform Committee announced that it is investigating allegations of inappropriate bank account closures (Debanking) for individuals and organizations based on political affiliation or participation in cryptocurrency and blockchain technology.
The committee is collecting testimonies from individuals and businesses who have experienced bank account restrictions and closures, and is investigating the operational damages resulting from these actions.
The aim is to determine whether these measures are the result of independent decisions by financial institutions or excessive government intervention.
The committee mentioned names such as a16z founder Marc Andreessen and Coinbase CEO Brian Armstrong, who have publicly commented on the bank account closure situation in the cryptocurrency industry.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
