The United States House Committee on Oversight and Government Reform is launching an investigation into accusations that American banks have stripped prominent members of the crypto industry of the banking activities.
In a letter addressed to Uniswap Labs CEO Hayden Adams, Andreessen Horowitz Partner Marc Andreessen, Coinbase CEO Brian Armstrong, Lightspark co -founder David Marcus, Kraaken CEO Dave Ripley and Blockchain Association CEO says the Committee to take care of the Commission for the Commission for the Commission for the Commission for it American markets without having to worry about possible reactions from financial institutions or supervisors.
“The Supervisory and Government Reform Committee is investigating the improper debit of individuals and entities on the basis of political positions or involvement in certain industries such as cryptocurrency and blockchain. The committee is interested in conversations with individuals and entities from which the bank has been debited by their financial institutions, about their experiences and the impact of Debanking on their business activities. ”
In an interview with Joe Rogan in 2024, Marc Andreessen said that more than thirty founders had been written off from their bank in the last four years after they had become political target.
Armstrong of Coinbase supported the statement and said:
“Warren and Gensler tried to kill our entire industry in an unlawful way, and it was an important factor in the fact that the Democrats lost the elections. The Democratic Party must realize that Warren is a risk and further distance themselves if they want some hope for reconstruction.
Can confirm that this is true. It was one of the most unethical and on-American things that happened in the Bides government, and I suspect that we will find the fingerprints of Elizabeth Warren everywhere (Biden itself was probably not aware of that). “
Co-founder of Kraken, Jesse Powell, also said that Choke Point 2.0, or the aim of suppressing the crypto industry, has been in force for the past four years.
“Fed Master accounts for new banks that are considered crypto-friendly have been unlawfully refused. Existing crypto -friendly banks have been killed extrajudicially. This is why we use Bitcoin. “
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