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Tyler Winklevoss Warns Operation Chokepoint 2.0 Remains in Full Swing

[Aug 13 4:30 AM] Tyler Winklevoss, co-founder of U.S.-based exchange Gemini and VC firm Winklevoss Capital, has alerted about the ongoing status of Operation Chokepoint 2.0, a plan directed to difficult banking access to crypto companies. Winklevoss’ remarks…

Harris campaign’s crypto ‘reset’ questioned amid Fed crackdown

[Aug 10 10:42 AM] Critics argue that the US Federal Reserve’s actions are a significant overreach and could stifle innovation in the cryptocurrency sector.

Federal Reserve Cracks Down on Customers Bank’s Crypto Strategy

[Aug 9 9:25 AM] The U.S. Federal Reserve has taken decisive action against Customers Bank, highlighting significant compliance deficiencies in its digital asset strategy and instant payments network. The enforcement action mandates the bank to bolster its…

Customers Bank to strengthen AML compliance after Fed scrutiny

[Aug 8 8:28 PM] The crypto-friendly bank’s activities during the 2023 banking crisis will also be examined.

Crypto-Friendly Bank Ordered by Fed to Limit Risks From Digital Asset Clients

[Aug 8 5:03 PM] Customers Bank, which has done business with several of the most prominent crypto firms, has been called out by the U.S. Federal Reserve for inadequately policing illicit activity, particularly with digital asset clients.

Customers Bank Said to Debank Some Digital Asset Hedge Funds

[Jun 7 8:07 AM] The move is not a widespread debanking of hedge-fund clients, but rather the offboarding of inactive accounts, one person said.

Circle Partners With Cross River Bank, Handful of US ‘Crypto-Friendly’ Banks Remain; Okcoin Suspends USD Deposits

[Mar 13, 2023 3:00 PM] Circle Financial, the issuer of the stablecoin USDC, is partnering with Cross River Bank after its former settlement partner, Signature Bank, was closed by New York regulators, according to a statement from CEO Jeremy Allaire. “The 1:1…