- Daily Dispatch
- Posts
- The unexpected ally š¤
The unexpected ally š¤
In an abrupt change of pace, Sen. Elizabeth Warren (D-MA) told a crypto CEO that his firm should not have been debanked. But there's a catch.
Stacy Elliott
February 05, 2025
Together with:
š What you need to know
The crypto industry got some validation this morning as Sen. Elizabeth Warren (D-MA), who has been a staunch adversary, said during a Senate Banking Committee hearing that digital asset firms should not be debanked.
āDebanking is a real problem,ā Warren, the top Democrat on the powerful Senate Banking Committee, said during the hearing. āThis shouldnāt be happening, and we need to figure out why, and who is responsible.ā
Perhaps less surprising was the fact she used the opportunity to advocate for the importance of the Consumer Financial Protection Bureau that President Donald Trump shut down earlier this week. Warren originally proposed the idea in 2007 and saw it come to fruition in 2011.
āIf the president is serious about stopping debanking, then he needs a strong CFPB as his partner to get this done,ā Warren added.
š Meme of the Day
From our partner
Introducing Grayscale Bitcoin Miners ETF (ticker: MNRS). MNRS provides exposure to Bitcoin Miners and the global Bitcoin Mining industry at a time when weāre seeing unprecedented interest and growth in Bitcoin.
Investors should consider the investment objectives, risks, charges and expenses carefully before investing. For a prospectus or summary prospectus with this and other information about the Fund, please call (866)-775-0313 or visit our website at etfs.grayscale.com/mnrs. Read the prospectus or summary prospectus carefully before investing. MNRS is distributed by Foreside Fund Services, LLC and Grayscale Advisors, LLC is the adviser.
