Cryptocurrency exchange Coinbase is urging US regulators to ease banking restrictions for crypto firms. The exchange wants clear rules that will allow banks to offer crypto services, as years of regulatory uncertainty have kept traditional banks away from the digital asset industry. Coinbase believes that these limitations have been imposed without following proper democratic procedures, hindering the expansion and stability of the sector. The company has reached out to important regulatory agencies in an attempt to influence them to change their position. The issue of crypto firms being cut off from banking services has sparked political debates, with some Republican lawmakers arguing that regulators are deliberately sidelining the industry. The former President, Donald Trump, has promised a crypto-friendly administration, but major banks are still hesitant to embrace the sector due to strict anti-money laundering laws.



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