Big news for cryptocurrency! A U.S. Senator is trying to help crypto companies get bank accounts. Banks sometimes refuse service to crypto businesses, hurting the industry. This new law might change that.
- A senator wants to stop banks from refusing service to crypto companies.
- This is because some banks are worried about the risks of crypto.
- The new law might make it easier for crypto companies to do business.
| Fact | Detail |
|---|---|
| Senator | Tim Scott (and others) |
| Bill Name | Financial Integrity and Regulation Management Act (FIRM Act) |
| Goal | Stop banks from rejecting crypto businesses |
