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👀 Harris Campaign's Crypto 'Reset' Questioned Amid Fed Crackdown on Crypto-Friendly Bank

▶️ The US Federal Reserve's recent enforcement action against Customers Bank, requiring 30-day notice before new crypto banking relationships, has sparked controversy in the crypto community.

💵 Gemini co-founder Tyler Winklevoss and Cardano founder Charles Hoskinson argue that this move confirms ongoing hostility towards crypto from the current administration. They question the sincerity of Vice President Kamala Harris' campaign to improve relations with the crypto industry.

🔖 Critics view the Fed's action as an overreach, potentially stifling innovation and centralizing control over crypto companies' access to banking services. This comes amid a tumultuous period for crypto-friendly banks in the US.

The Fed's actions raise concerns about the future of crypto-banking relationships in the US and cast doubt on potential shifts in crypto policy under a Harris administration.

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