Summary
- Tim Scott, Chairman of the US Senate Banking Committee, announced that he has introduced a bill to block de-banking of virtual asset companies.
- The bill was reportedly pursued because existing banking service regulations are excessively political and unreasonable.
- This bill is reportedly supported by several Republican senators and virtual asset lobbying groups.
According to The Block, a virtual asset (cryptocurrency) specialized media, on the 6th (local time), Tim Scott, Chairman of the US Senate Banking Committee, introduced a bill to block de-banking (restriction of access to banking services) of virtual asset companies. The reason is that existing banking service regulations are excessively political and unreasonable.
The bill is supported by some Republican senators and virtual asset lobbying groups.
Previously, the US virtual asset industry had raised complaints that virtual asset companies were unreasonably restricted from banking services during the Biden administration.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
![[Key Economic and Crypto Events for the Week Ahead] U.S. January CPI, etc.](https://media.bloomingbit.io/static/news/brief_en.webp?w=250)
