In a recent letter to Acting FDIC Chair Martin Gruenberg, Sen. Pat Toomey (R-Pa.) pressed the Federal Deposit Insurance Corp. (FDIC) on its stance toward banks involvement in cryptocurrency. He questioned if the agency is “improperly” deterring banks from offering cryptocurrency services.
Toomey points to “corroborated” whistleblower claims that the FDIC is actively urging banks to refrain from engaging in crypto-related activities.
Read on for more details.