Imagine banks refusing to work with a company just because it deals with cryptocurrency! That's called 'debanking,' and it's been a big problem for crypto businesses. A Senator wants to change that. This is important because it affects how easily people can use crypto.
- A new law wants to stop banks from refusing to work with crypto companies.
- The law says banks shouldn't worry about their image when dealing with legal crypto firms.
- Some people think this is good for crypto, while others worry about bank safety.
| Topic | Info |
|---|---|
| Law's Name | Financial Integrity and Regulation Management Act |
| Number of supporting Senators | 12 (including the proposer) |
| Possible Outcome | Easier banking for crypto businesses. |
