Basri Caneri 
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 great difficulties in accessing banking services due to regulatory pressures in the US. In particular, the collapse of Silvergate and Signature Bank 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.
It is a matter of curiosity how the bill, which argues that crypto companies should be recognized as legitimate financial institutions, will be received in the US Congress.
Tension Between Crypto and Banks
Crypto companies were seen as risky customers due to the uncertain attitudes of regulators and were unable to receive services from many banks. The Biden administration and the SEC’s strict stance had led the industry to seek more decentralized solutions.
This bill of the Republican Party is seen as an attempt to end discrimination against crypto companies in the financial sector. If passed, it could pave the way for crypto startups in the US to work more easily with traditional banks.
Could this regulation, which could be a big step for the crypto sector, open the doors to a crypto-friendly financial environment? We are following the developments closely.
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