Also Read: SEC Approves This U.S. Exchange’s Custody Service While Coinbase’s Remain Uncertain
Binance Banking Issue To Be Heard In US Congress?
In an apparent indication of Binance’s pursuit of a US banking partner, Senator Bill Hagerty from Tennessee, raised his voice on the matter. He said some companies in the crypto space are being debanked by US banks due to political pressure. Terming the ongoing spree of aggressive actions against the crypto space by US regulators as Operation Chokepoint 2.0, the senator indicated the matter would soon be raised in the Congress. Senator Bill Hagerty’s statement further said,
“Make no mistake, this Operation Chokepoint 2.0 is an extreme overreach from the banking regulators, and they should expect to hear from Congress soon.”
Also Read: Binance Pulls Out Investments In US Crypto Companies; What About Voyager?
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