Republican senators
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US Senator: Too much efforts by regulators to crack down on banks in the encryption industry may “punish the whole industry”
It is reported that four Republican senators said in a letter to several U.S. regulators that regulators are increasingly cracking down on banks serving participants in the cryptocurrency industry and may “punish the entire industry”. The letter dated March 9 said that the crackdown on the cryptocurrency industry may exceed the scope of authority of the regulatory authority, similar to the previous crackdown on legitimate gun suppliers through the regulatory financial system. Interpretation of this information: The letter sent by four Republican senators to U.S. regulators highlights concerns that regulators…
