COIN - Biden's Crypto Policies Are Shaking Up The Crypto Community But 'Long Way Left To Go' Says Expert | Benzinga
Scott Johnsson of Van Buren Capital on Friday highlighted numerous regulatory actions taken by the Biden administration and Democrats, which he claims are stifling the growth of the cryptocurrency industry.
JWhat Happened: Johnsson’s commentary includes expansive definitions of securities, enforcement actions against major crypto entities and various policy maneuvers that could significantly impact the industry.
What the Dems/Biden admin are STILL doing: — Scott Johnsson (@SGJohnsson) May 30, 2024
– OCC refuses to enact Brian Brooks' "fair access" banking rule to prohibit federally chartered banks from denying financial services such as lending to would-be clients on political or ideological grounds.
– Enforcement actions against…
Key points of contention include the refusal by the Office of the Comptroller of the Currency (OCC) to implement the “fair access” banking rule, aggressive SEC enforcement actions against Coinbase Inc. (NASDAQ:COIN), Binance (CRYPTO: BNB), and Kraken, and the issuance of Wells Notices ...