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Alex Thorn: Banks face criticism for differing crypto stances in U.S. and New York

Alex Thorn: Banks face criticism for differing crypto stances in U.S. and New York
Banks take mixed approach to crypto

Alex Thorn, industry influencer, raises concerns about banks taking a resistant approach to crypto in Washington, D.C. while simultaneously embracing cryptocurrencies in New York.

He points to the reaction from banks regarding work by Senators Tillis and Alsobrooks as further evidence of this inconsistent stance.

Thorn has previously addressed recent regulatory shifts that prohibit reward payments on third party crypto exchanges, citing new limits on stablecoin yields on idle balances. He also recapped a Bitcoin conference where he noted progress on industry issues and praised organizational efforts. These earlier comments continue to inform his perspective on crypto policy debates.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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