{"id":37971,"date":"2025-03-06T20:00:11","date_gmt":"2025-03-06T17:00:11","guid":{"rendered":"https:\/\/coinengineer.net\/blog\/?p=37971"},"modified":"2025-03-06T18:45:13","modified_gmt":"2025-03-06T15:45:13","slug":"is-the-banking-barrier-to-crypto-companies-lifting-the-bill-is-on-the-table","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/is-the-banking-barrier-to-crypto-companies-lifting-the-bill-is-on-the-table\/","title":{"rendered":"Is the Banking Barrier to Crypto Companies Lifting? The Bill is on the Table!"},"content":{"rendered":"<p>The Republican Party in the US has introduced <strong>a bill to prevent the exclusion of crypto companies from the banking sector<\/strong>. The proposed law aims to prevent crypto companies <strong>from being deprived of banking services<\/strong> by traditional financial institutions.<\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_71 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/coinengineer.net\/blog\/is-the-banking-barrier-to-crypto-companies-lifting-the-bill-is-on-the-table\/#Is_the_Banking_Barrier_to_Crypto_Companies_Lifting\" title=\"Is the Banking Barrier to Crypto Companies Lifting?\">Is the Banking Barrier to Crypto Companies Lifting?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/coinengineer.net\/blog\/is-the-banking-barrier-to-crypto-companies-lifting-the-bill-is-on-the-table\/#Tension_Between_Crypto_and_Banks\" title=\"Tension Between Crypto and Banks\">Tension Between Crypto and Banks<\/a><\/li><\/ul><\/nav><\/div>\n<h3><span class=\"ez-toc-section\" id=\"Is_the_Banking_Barrier_to_Crypto_Companies_Lifting\"><\/span>Is the Banking Barrier to Crypto Companies Lifting?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>In recent years, many crypto companies have experienced <strong>great difficulties<\/strong> in accessing banking services due to regulatory pressures in the US. In particular, <strong>the collapse of Silvergate and Signature Bank<\/strong> deepened the problems of access to the traditional financial system in the crypto market. The new bill presented by the Republican Party aims to bring a solution to this situation.<\/p>\n<p>It is a matter of curiosity how the bill, which argues that crypto companies <strong>should be recognized as legitimate financial institutions<\/strong>, will be received in the US Congress.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Tension_Between_Crypto_and_Banks\"><\/span>Tension Between Crypto and Banks<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Crypto companies were seen as <strong>risky customers<\/strong> due to the uncertain attitudes of regulators and were <strong>unable to receive services<\/strong> from many banks. The Biden administration and the SEC&#8217;s strict stance had led the industry <strong>to seek more decentralized solutions<\/strong>.<\/p>\n<p>This bill of the Republican Party is seen as an attempt <strong>to end discrimination against crypto companies<\/strong> in the financial sector. If passed, <strong>it could pave the way for<\/strong> crypto startups in the US <strong>to work more easily with traditional banks<\/strong>.<\/p>\n<p>Could this regulation, which could be a big step for the crypto sector, <strong>open the doors to a crypto-friendly financial environment?<\/strong> We are following the developments closely.<\/p>\n<p><em class=\"darkmysite_style_txt_border darkmysite_processed\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\">You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don\u2019t forget to follow us on our\u00a0<a class=\"darkmysite_style_txt_border darkmysite_style_link darkmysite_processed\" href=\"https:\/\/t.me\/coinengineernews\" target=\"_blank\" rel=\"nofollow noopener\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\"><strong class=\"darkmysite_style_txt_border darkmysite_processed\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\">Telegram,\u00a0<\/strong><\/a><a class=\"darkmysite_style_txt_border darkmysite_style_link darkmysite_processed\" href=\"https:\/\/www.youtube.com\/@CoinEngineer\" target=\"_blank\" rel=\"nofollow noopener\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\"><strong class=\"darkmysite_style_txt_border darkmysite_processed\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\">YouTube<\/strong><\/a>,\u00a0and\u00a0<a class=\"darkmysite_style_txt_border darkmysite_style_link darkmysite_processed\" href=\"https:\/\/twitter.com\/coinengineers\" target=\"_blank\" rel=\"nofollow noopener\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\"><strong class=\"darkmysite_style_txt_border darkmysite_processed\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\">Twitter<\/strong><\/a>\u00a0channels for the latest\u00a0<a class=\"darkmysite_style_txt_border darkmysite_style_link darkmysite_processed\" title=\"News\" href=\"https:\/\/coinengineer.net\/blog\/news\/\" data-internallinksmanager029f6b8e52c=\"7\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\">news<\/a>\u00a0and updates.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Republican Party in the US has introduced a bill to prevent the exclusion of crypto companies from the banking sector. The proposed law aims to prevent crypto companies from being deprived of banking services by traditional financial institutions. Is the Banking Barrier to Crypto Companies Lifting? In recent years, many crypto companies have experienced<\/p>\n","protected":false},"author":6,"featured_media":37972,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[1552,393,1219],"class_list":["post-37971","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bank","tag-crypto","tag-us"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Is the Banking Barrier to Crypto Companies Lifting? 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