The news: Crypto firms are getting squeezed out as US regulators are allegedly putting pressure on US banks to cut ties with digital asset firms, per Cointelegraph.
What’s happening? Various US regulators are said to be discouraging banks’ involvement in the crypto markets, with a purported end goal of leaving the crypto space unbanked. Rumors are swirling that while regulators’ public statements neither encourage nor discourage banks from engaging in crypto activities, behind the scenes they’re putting pressure on banks to cease all such activity.
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