Today, 175 other documents reveal how banks that are trying to explore, delay them and ignore them directly under federal supervision.
The discharge of the document comes before the Crypto Debanking session today, where the leaders of the Republican Party will roast the Chenianghan Anti -Cryngto during the era of former President Joe Biden.
Acting Chairman of the FDIC Travis Hill, the man who is now charged with repairing this chaos is Call Outside FDIC to create a perception that banks interested in Blockchain technology or a distributed professor’s book technology were not welcome. Now, with responsibility for the Republican Party, dirty laundry is broadcast for everyone to see.
Documents include internal communications, endless messages and backgrounds between banks and FDIC officials. They all prove that banks trying to decrease in encryption have been silently, or repeated requests for additional information, or explicit orders to press the temporary stop button. Hill said the result was inevitable – most banks simply stop trying.
FDIC previously released 25 messages, referred to as “temporary stops” orders, sent to 24 banks warning them not to stop or delay their encryption plans. But these new documents give the cover from the extent of resistance.
Hill acknowledged that these connections show a clear pattern of organizational decline. Many banks faced months of silence after their initial proposals. Others received direct instructions to “stop, comment or refrain from expanding all the encryption activity or Blockchain.”
“The vast majority of banks have just stopped trying,” Hill admitted. He emphasized that FDIC will cancel the FIF letter (FIL) 16-2022, which is the guideline that made banks consider mainly twice in touching the encryption.
A new framework will be developed to allow banks to participate in the economy of digital assets without compromising safety and safety principles. Hill also said that FDIC would work closely with the president’s working group in the digital asset markets, which was created under Trump’s executive order in January 2025.
Elizabeth Warren Trump is pressing, citing thousands of issues
But while Hill tries to repair damage, Senator Elizabeth Warren (a member of the Senate Banking Committee) follows a different approach by following the White House.
I sent a message to President Donald Trump, calling for immediate action to stop what he called “Debanking of America”. Her message is armed with facts – thousands of complaints from consumers whose accounts have been closed by major banks in recent years.
Warren’s analysis revealed that more than half of the complaints were linked to only four financial giants: Bank of America, JPMorgan Chase, Wells Fargo, and Citigroup.
Trump, for his part, has already expressed his rejection of Debanking. Speaking at the World Economic Forum just a week ago, he criticized this practice and later signed an executive order calling for a fair access to banking services for all citizens committed to law.
But Warren wants to work directly with President Trump and Senate Senate Tim Scott to address the case face to face.
Five steps have made it clear that the Consumer Protection Office (CFPB) should take to address the crisis. Banked the terms of contracts that allow banks to close accounts on political or religious beliefs of clients, which limits open drawing fees to $ 5, and to break the discriminatory discrimination practices, according to Lauren.
Senator also called for more supervising large payment applications such as PayPal and Cashapp, as many Debanking issues often fly under the radar.
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