
Senator Elizabeth Warren has expressed a willingness to collaborate with President Donald Trump to address the issue of debanking, particularly affecting the cryptocurrency industry. During a Senate Banking Committee hearing, Warren, known for her skepticism towards crypto, acknowledged debanking as a significant issue and emphasized the need for bipartisan efforts to resolve it. She highlighted the role of the Consumer Financial Protection Bureau (CFPB), which she helped establish and which was recently shut down by Trump, as crucial in tackling debanking. The hearing also featured testimonies from crypto industry leaders who have faced challenges in accessing banking services, attributing these difficulties to regulatory pressures from the Biden administration's alleged 'Operation Choke Point 2.0'. Warren's stance marks a notable shift, as she has previously been criticized by the crypto community for her regulatory stance against the sector.













“[C]redit union acquisitions of banks may be particularly beneficial for underserved and rural areas…” - the new Acting Comptroller of the Currency, in a prior role https://t.co/izhZgEkSoV
Spending the day hearing directly from Virginians. Glad to answer questions and provide an update on my work in Vienna — thank you to Navy Federal Credit Union for having us & for your great work providing banking services for our armed forces! https://t.co/Pn9yk4mxSm
NEW: Congresswoman Rashida Tlaib argues that the collapse of FTX justifies the debanking and heightened regulatory crackdown on America’s crypto industry in 2023 🤔 https://t.co/esVj2U7KHV