Former Obama Administration Deputy Attorney General: US Regulators Are Trying to Force Crypto Industry to “Debank”

Fox Business reporter Eleanor Terrett wrote on X that Donald Verrilli, former deputy attorney general of the Obama administration, said that U.S. regulators are specifically “debanking” the cryptocurrency industry: “Despite the digital asset industry’s urgent need for banking services, federal regulators have launched a coordinated campaign to debank the industry.”