Anchorage dropped by bank over crypto ties, CEO tells lawmakers
Share link:In this post: Anchorage’s CEO said their bank dropped them in June 2023 because they were involved in crypto, despite being federally chartered and fully regulated. The crypto industry says this is part of “Operation Choke Point 2.0,” where regulators pressure banks to cut off crypto businesses. Major crypto figures like Coinbase’s CEO and Frax Finance’s founder have also faced account closures, blaming the Biden administration’s anti-crypto stance.
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