EddieJayonCrypto
17 Feb 25
Anchorage Digital CEO Nathan McCauley claims that an unnamed American bank abruptly terminated their banking services after two years without explanation, aligning with rumors of "de-banking" in the digital asset industry. The bank cut off Anchorage in June 2023, coinciding with reports of "Choke Po...
Anchorage Digital CEO Nathan McCauley has disclosed the abrupt termination of the company's banking services by an unnamed American bank, sparking speculation about "de-banking" in the cryptocurrency industry. McCauley stated that the bank severed ties with Anchorage in June 2023, coinciding with reports of "Choke Point 2.0," an alleged government initiative targeting the crypto sector.
US Senator Cynthia Lummis has called for transparency from the Federal Deposit Insurance Corporation (FDIC) regarding purported efforts to de-bank crypto firms. Lummis emphasized the need to secure materials related to the government's alleged de-banking activities, threatening criminal referrals to the Department of Justice in the event of obstruction.
McCauley's account aligns with rumors of "de-banking" in the digital asset industry, with smaller entrepreneurs potentially facing challenges in maintaining their bank accounts amid regulatory pressures. Meanwhile, Senator Lummis has underscored the imperative of uncovering any attempts to destroy or conceal materials related to Operation Choke Point 2.0, emphasizing the demand for transparency and accountability in serving the interests of the American people.