Anchorage Digital CEO to Accuse Regulatory Authorities of Pressure on Banks to Cut Off Cryptocurrency Industry Services at Hearing

According to Nathan McCauley, CEO of Anchorage Digital, in his testimony at the U.S. Senate hearing on "Debanking," he stated that despite being a federally licensed cryptocurrency bank, Anchorage Digital was still denied services by the bank, resulting in business damage and even a 20% layoff. McCauley pointed out that between 2021 and 2023, US regulatory agencies will gradually pressure banks to stay away from the cryptocurrency industry, including OCC FDIC、SEC、 The multiple policies jointly issued by the Federal Reserve and others have made banks generally unwilling to cooperate with cryptocurrency companies. He emphasized that many cryptocurrency companies are unable to access basic banking services as a result, and some are even forced to shut down. McCauley urges Congress to legislate to ensure fair access to financial services in the cryptocurrency industry, and recommends revoking the joint statement of banking regulators in January 2023 to restore banks' normal service capabilities to the cryptocurrency industry.