Citibank Closed Ripple CEO's Bank Accounts Due to His Work in the Crypto Industry

Ripple Labs CEO Brad Garlinghouse said that the financial institution Citibank closed his bank accounts and refused to provide service. According to the entrepreneur, the reason was his work in the cryptocurrency sector.

According to the head of Ripple, he had been a client of Citibank for 25 years. However, at some point, the bank's representatives contacted him and said that they were closing his account.

The businessman claims that this is not the only bank that has severed ties with him because of his field of activity. According to the businessman, such actions are a kind of pressure from the US authorities. Many famous people in the crypto industry face such "pressure", the head of Ripple is sure.