US House Committees Seek Clarity and Oversight for Digital Assets

Three Republican members of the US House Financial Services Committee have sent letters to the heads of US banking regulatory agencies seeking information on possible coordinated efforts taken against digital asset firms. The lawmakers see a “coordinated strategy” to deny the digital asset industry access to banking that is not related to a desire to protect banks. The letters demand non-public records relating to communications between employees of each of the agencies addressed and the institutions they supervise regarding the documents referenced.