{"id":157494,"date":"2023-02-09T21:23:02","date_gmt":"2023-02-10T03:23:02","guid":{"rendered":"https:\/\/lifeboat.com\/blog\/2023\/02\/u-s-accused-of-trying-to-quietly-ban-bitcoin-ethereum-and-crypto"},"modified":"2023-02-09T21:23:02","modified_gmt":"2023-02-10T03:23:02","slug":"u-s-accused-of-trying-to-quietly-ban-bitcoin-ethereum-and-crypto","status":"publish","type":"post","link":"https:\/\/lifeboat.com\/blog\/2023\/02\/u-s-accused-of-trying-to-quietly-ban-bitcoin-ethereum-and-crypto","title":{"rendered":"U.S. Accused Of Trying To \u2018Quietly\u2019 Ban Bitcoin, Ethereum And Crypto"},"content":{"rendered":"<p><a class=\"aligncenter blog-photo\" href=\"https:\/\/lifeboat.com\/blog.images\/u-s-accused-of-trying-to-quietly-ban-bitcoin-ethereum-and-crypto.jpg\"><\/a><\/p>\n<p>Last month, the Federal Reserve rejected crypto bank Custodia\u2019s application to join its ranks, casting doubt over whether the Office of the Comptroller of the Currency will give final approval to crypto companies Protego and Paxos\u2019 applications for national trust bank charters.<\/p>\n<p>\u201cThe U.S. government is using the banking sector to organize a sophisticated, widespread crackdown against the crypto industry,\u201d Carter wrote.<\/p>\n<p>\u201cAnd the administration\u2019s efforts are no secret: they\u2019re expressed plainly in memos, regulatory guidance, and blog posts. However, the breadth of this plan\u2014spanning virtually every financial regulator\u2014as well as its highly coordinated nature, has even the most steely-eyed crypto veterans nervous that crypto businesses might end up completely unbanked, stablecoins may be stranded and unable to manage flows in and out of crypto, and exchanges might be shut off from the banking system entirely.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Last month, the Federal Reserve rejected crypto bank Custodia\u2019s application to join its ranks, casting doubt over whether the Office of the Comptroller of the Currency will give final approval to crypto companies Protego and Paxos\u2019 applications for national trust bank charters. \u201cThe U.S. government is using the banking sector to organize a sophisticated, widespread [\u2026]<\/p>\n","protected":false},"author":609,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1318,43,1761,45,1490],"tags":[],"class_list":["post-157494","post","type-post","status-publish","format-standard","hentry","category-bitcoin","category-business","category-cryptocurrencies","category-finance","category-government"],"_links":{"self":[{"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/posts\/157494","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/users\/609"}],"replies":[{"embeddable":true,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/comments?post=157494"}],"version-history":[{"count":0,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/posts\/157494\/revisions"}],"wp:attachment":[{"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/media?parent=157494"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/categories?post=157494"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/tags?post=157494"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}