The House of Representatives Control Committee requires non -classified messages from FDIC to investigate the alleged repression of the encryption industry
The House of Representatives for Government Control and Reform wants to access undisciplined documents from the Federal Deposit Insurance Corporation (FDIC) to investigate allegations that banks were working on the encryption industry.
Last month, FDIC Absolute Transferred documents related to supervising activities related to encryption, which include the so -called “temporary suspension letters” sent to 24 banks, as well as communications and records that involve other organized institutions.
He has letter To the Chairman of the FDIC Travis Hill, the Chairman of the House of Representatives Censorship James Commer (R-Ky) requests an unspecified copy of the documents.
“The committee requires unlawful issues from the above document and other messages previously suspended to understand the relationship between relevant financial institutions and government organizers and their approach to encryption activities.”
Hill criticized the FDIC approach to encryption during the Biden administration, saying that the agency created the impression that it was closed to institutions interested in digital assets.
Kumer says that the committee is involved in Hill’s concern that organizational obstacles deter banks from engaging in encryption activities.
The committee is concerned that the transgression by government organizers may I arbitrarily suppressed the industries they considered unsuccessful, which affects commercial processes by preventing entities from reaching criticism to achieve salary statements or technological and financial leadership Innovation outside. “
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