Former U.S. Attorney General Donald Verrilli said federal regulators are moving aggressively and in a coordinated manner to “debank” the digital asset industry. 😟 Verrilli represented the Blockchain Association in support of the appeal of Custodia Bank, which was denied access to its main account by the Federal Reserve. Custodia filed a lawsuit against the central bank in June 2022 over allegations of “unlawful delay” in processing its application. Verrilli argues that Custodia has become the focus of a campaign by federal banking regulators to isolate the digital asset industry from the national economy.