đ Harris' Crypto 'Rebuild' Campaign Faces Doubt Amid Fed Crackdown on Crypto-Friendly Banks
â The US Federal Reserve's (Fed) recent move to require banks to provide 30-day notice before establishing new banking relationships with crypto companies has sparked controversy in the crypto community.
đ” Gemini co-founder Tyler Winklevoss and Cardano founder Charles Hoskinson have expressed concerns that the move shows the current administration's hostility toward crypto. They question the sincerity of Vice President Kamala Harris' campaign to improve relations with the crypto industry.
đ Critics say the Fed's decision could stifle innovation and centralize control over crypto companies' access to banking services. The move comes amid a struggle for crypto-friendly banks in the US.
đ” The Fed's move raises concerns about the future of the banking-crypto relationship in the United States and casts doubt on the shift in crypto policy under the Harris administration.
đ Source: https://t.me/cryptoanalysisvn/1/1973
