Congressman French Hill promised to review the de-banking phenomenon in the cryptocurrency industry next year

2024-12-05 08:51:17

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ChainCatcher news, Congressman French Hill may play a key role in shaping financial services priorities next year. He expressed concerns about the de-banking of the cryptocurrency industry and plans to closely examine this issue in the new year.

Venture capitalist Marc Andreessen stated in a recent interview on Joe Rogan's podcast that the U.S. government had pressured banks to close certain accounts related to cryptocurrency and other industries.

Hill said during a technology and finance-focused hearing held by the House Financial Services Committee on Wednesday, "There is no patience for this from either party. Legitimate businesses in this great country of America should have the freedom to access banking and financial services. We have seen this time and again. This committee will take a strong stance on this, and we have received documents and are reviewing them. We will continue to review this before the end of this Congress and into the next Congress."

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