Blockchain Association Submits Freedom of Information Act Request to Government Agency Seeking De-Banking Information Targeting Legitimate Crypto Businesses

The Blockchain Association, a crypto industry lobby group, has filed a Freedom of Information Act (FOIA) request with the Federal Deposit Insurance Corporation (FDIC), the Board of Governors of the Federal Reserve Board, and the Office of the Comptroller General, seeking de-banking of companies involved in cryptocurrencies in the United States. ) documents and communications. BA is investigating allegations of de-banking, including closing accounts and refusing to open new ones, as well as possible mishandling by regulators that led to the collapse of Signature, Silicon Valley Bank and Silvergate. Calling on all affected cryptocurrency industry players to "come forward," the Blockchain Association is collecting stories of ordinary Americans and entrepreneurs hurt by this de-banking.