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Bitcoin.com News|Feb 22, 2025 00:32
Is the FDIC about to change the game? 🚨
Congress is going after "debanking" and warning that regulators have been quietly pressuring banks to cut off crypto businesses. Lawmakers say this unchecked power could be used against any industry, and they’re demanding action now.
They want all banking rules to be public, not hidden behind closed doors. Banks should have to explain account closures, not just shut down businesses without reason. "Reputational risk" should no longer be an excuse to deny services. An independent review process is needed to stop regulatory overreach. And most importantly, all financial institutions must be treated the same—no selective enforcement.
The FDIC is under massive pressure to step up before it’s too late. With crypto’s future on the line, will we finally see real change, or is this just more talk?
Are we witnessing the beginning of a fairer financial system? 💥
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