US banks pressured to sever ties with crypto companies
US regulators “have so many levers they can pull” that most banks would find it impossible to work in crypto, a banking exec told Protos.
Cryptocurrency news by Protos · Protos
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Show Notes
Banks in the US are under increasing pressure to sever ties with cryptocurrency firms, as unfavorable media scrutiny, public sentiment, and regulatory measures against the industry grow. Not a single US regulatory body, like the Federal Reserve or the Securities and Exchange Commission (SEC), looks at the crypto industry favorably today, according to a banking exec at a crypto-friendly American bank.
In an exclusive talk with Protos, the banking exec spoke on-background about the regulatory hurdles facing the industry and what it means for crypto’s future in America.
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