Bank groups ask Cripto Czar David Sax to revise the rules

Six main banking associations sent a letter to the White House of Crupto CRAR David Sacks, which invite the presidential workgroup in the digital asset markets to revise the rules prevent banks from working with cryptocurrency.

Not doing this, the letter claims: “The United States will not be able to achieve the position of leadership in digital property and financial technology under the status quo.”

The Bank Policy Institute, the U.S. bankers, the Financial Services, the Association of Global Guardians and Associations for Clearin Houses in the letter requested a working group to issue “statements and documents and documents of the Federal Banking Agency by Federal Banking Agencies.

Policy statements, which include guidelines issued by the COMPTROLER COMPUTROLER CORPORATION, as well as two, released all three, “have significant implications for US banks to engage in activities related to digital assets And otherwise supports the digital asset sector, including the engagement of cryptian companies on various basic banking activities and services. “

“Specific policies and guidelines issued by federal banking agencies that” affect the digital asset sector “that banks are extremely difficult to deal with digital assets, despite the clear bank bodies of banks to do (so)” reads.

The letter also points out that several key federal banking agencies, including FRB, OCC and FDIC, are not members of the President Working Group.

“Since the participation of banks related to digital assets are crucial to help the United States to cement their position of leadership in the ecosystem of global digital property, we call you to re-examine their participation,” writing “.

Their inclusion “is imperative” to make the white house “develop a A comprehensive digital asset framework For all market participants and improvements, one of the priorities of the administration “supports responsible growth and use of digital assets, block technology and related technologies in all sectors of the economy.” “

Once the pied skeptic, President Donald Trump sewer familiously embraced digital means. Before the beginning of his second term, Trump promised to be the first “CRIPTO president” and he promised that the United States would do “Cripto capital of the world”. Trump started his own Memecoin $ Trump hours before you trust function.

Trump has signed an executable The formation of a working group that leads bags during its first week in office. Order for making rules for the development and use of cryptocurrija in the US