Regulators Seek Solutions for Marijuana Banking and Crypto Instability

Treasury Secretary Janet Yellen has said that regulators are exploring options to address the issue of the cannabis industry's lack of access to traditional financial services under prohibition. Bipartisan congressional lawmakers are similarly seeking to resolve the cannabis banking issue, and the House has repeatedly passed legislation to protect financial institutions that work with marijuana businesses. Senate Majority Leader Chuck Schumer (D-NY) renews his commitment to tackling marijuana banking reform this year, even with a divided Congress, alongside Sen. Steve Daines (R-MT).