US Representative

According to reports, Representative Emmer of the United States stated that he had asked the Federal Deposit Insurance Corporation (FDIC) about the banking services of cryptocurrency companies. (Jin Shi) US Congressman Asks FDIC about Banking Services of Cryptographic Companies Analysis based on this information:A US Representative, Tom Emmer, recently inquired about the banking services available to cryptocurrency companies and if they have been discriminated against by traditional banks. In his statement to the press, he expressed his belief that despite the hesitation of banks to support cryptocurrency companies, the industry should be given a fair chance to develop and build financial relationships. Cryptocurrency and its related businesses have faced scrutiny and opposition since its inception, especially from traditional banking systems that have been strongly regulated by governments worldwide. Banks have been hesitant to provide financial services to cryptocurrency companies, citing the industry’s lack of regulation and the association of digital assets with money laundering and other illegal activities. However, Emmer…