“Events of the last six months have put a damper on entities wanting to bank this space [crypto],” said another panelist, Richard Booth, chief compliance officer of Fortress Trust Company. “But it’s legal business and I think that every business in this country is entitled to access to banking rails,” he added, noting that “the regulation I think needs to be matured. Congress has clearly advocated what they’re supposed to be doing and the regulators are struggling to keep up.”
Source: https://www.coindesk.com/business/2023/04/28/operation-choke-point-20-is-secs-chemotherapy-for-14b-ponzi-problem-bcbs-ceo-says/?utm_medium=referral&utm_source=rss&utm_campaign=headlines