Senior Republican lawmakers have intensified calls for legislative action on a comprehensive digital asset market structure bill, following the release of a conclusive staff report. The document scrutinizes persistent allegations that federal financial regulators are systematically pressuring banking institutions to sever ties with cryptocurrency and blockchain-related businesses. This alleged campaign has been likened by some industry advocates to a modern iteration of past regulatory initiatives aimed at disconnecting legal but disfavored sectors from the banking system.
The report consolidates evidence and testimonies suggesting a pattern of informal pressure and guidance from agencies, leading to the denial or termination of banking services for numerous digital asset firms. Proponents of the legislation argue that establishing clear regulatory frameworks is now imperative to safeguard lawful industry participants from what they perceive as opaque and discriminatory practices. They contend that such actions stifle innovation, push activity offshore, and undermine the United States’ competitive position in the burgeoning digital economy. The push for the market structure bill is framed as a necessary step to provide legal certainty and protect companies from capricious exclusion from the essential financial infrastructure.
