A controversial CEO in the crypto room reportedly says that an American bank has suddenly decided to close the company from banking services, in support of earlier rumors about “De Banking” in the digital asset industry.
“Our story is quite ridiculous … We had a bank with which we had a growing relationship for a number of years, which in fact had a cent to a cent, decided to eliminate our bank account.”
McCauley did not mention the name of the bank and an Anchorage spokesperson refused to provide other details at CNBC.
The CEO says that the bank cut them off in June 2023, around the same time that countless reports of “Choke Point 2.0” – or a coordinated government’s effort to close the crypto industry – were unbridled.
Says McCauley,
“You can only imagine what was happening with the smaller entrepreneurs who did not have the means to marhaling to keep their bank accounts open.”
Last month the US Senator Cynthia Lummis (R-WY) said that she wants the Federal Deposit Insurance Corporation (FDIC) to protect materials that can be related to the alleged government’s efforts to be crypto companies in de-banking companies.
In a letter to FDIC chairman Marty Gruenberg, Lummis said that whistleblowers claim that the deposit insurer is destroying materials related to his digital assets activities.
The senator said that the alleged efforts of the FDIC to destroy and hide materials with regard to Operation Choke Point 2.0 are unacceptable and illegal.
“If it is discovered that someone within the FDIC has consciously destroyed material or tried to hinder the Senate’s supervisory functions, this will lead to rapid criminal references to the US Department of Justice. The American people deserve transparency and I will ensure that they get the answers they deserve. “
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