The American House of Representatives Control Committee launches an investigation into allegations of dismantling banking services in the field of technology and encrypted currencies
Top line
The US House of Representatives on government control and reform is conducting an investigation into the alleged “improper banking transactions” for individuals and organizations on the basis of political affiliations or participating in cryptocurrencies and blockchain, according to a new report. letter The committee sent him to industrial leaders on Friday.
Mark Anderson (Photo by Paul Chen / San Francisco Cronic
San Francisco Cronic via Getty Images
Basic facts
The committee, headed by James Commer (Republican from Kentucky), is seeking to collect certificates from individuals and companies who have been bankrupt – the practice through which the bank is restricting or closing the customer’s account – to understand the personal and operational consequences of losing their accounts. Financial services.
The investigation will determine whether the trend towards canceling banking services stems from independent decisions taken by financial institutions or through government excesses in “making industries that are not preferred by organizational bodies arbitrarily.”
The Supervisory Committee aims to protect entrepreneurs from an unfair targeting and to ensure that all Americans are able to engage in American markets without fear of retaliatory measures from financial companies or federal organizational bodies.
Remember the message six of the leaders of the digital assets who publicly talked about dealing with banks: Mark Anderson, co -founder and general partner at Andressen Horowitz; And Hayden Adams, founder and CEO of UniswAP Labs; Brian Armstrong, co -founder and CEO of Coinbase; David Marcus, co -founder and CEO of Lightspark; Dave Ribli, CEO of Payward and Christine Smith, CEO of Blockchain Association.
The committee also cited the notes of the first lady Melania Trump, as it revealed that the bank that has long been dealing with it suddenly ended its account, which it believes was motivated by political discrimination.
Large number
Modern Wall Street Journal The poll reported that about 120 hedge boxes encrypted currencies They have faced difficulties in reaching basic banking services in the past three years, while investors have not faced alternatives in real estate and credit as banking challenges.
The main background
In Rogan’s atmosphere Podcast interview In November, Andrink claimed that more than 30 founders of startups in the field of technology and cryptocurrencies were secretly bankrupt during the previous Biden administration, as part of the so -called “ChokePoint 2.0”. Andrink compared this procedure to the “ChokePoint process” during the Obama era, which was aimed at restricting the financial services of industries that are seen as high -risk.
Coinbases CEO Andreneen confirmed XHe said, “This can be confirmed.” In addition, Paul Groal, chief legal official on the encrypted currency exchange, to publish On the social media platform, “Financial organizers have used multiple tools at their disposal to try to paralyze digital assets.”
Banking dismantling can have severe consequences for targeted companies. It disrupts their ability to manage money and pay their employees’ salaries on time. It creates barriers to entering the technology industry due to fear, which may reduce competition and reduce innovation. The process of canceling banking services sends an anxious signal to the market, investors and potential partners, which indicates possible risks or compliance problems. This imagined risk can significantly harm the company’s reputation and undermine investor confidence. As a result, affected companies often face increasing challenges in securing financing, attracting the best talents, and forming strategic partnerships that are necessary for growth and success.
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